Debt Amount: $13,220
Outcome: Full Recovery
Commission: 10% ($1,320)
Amount Returned to Client: $11,900
The debtor initially informed our client that payment would only be made by August 2026.
Our client was aware that she was not the only creditor involved, and was concerned that if she waited, there was a risk the debtor might not repay her at all, or that the process could drag on for a long period of time.
Due to this uncertainty, she decided to engage Assured Debt Recovery on 20 April.
Upon engagement, we moved in immediately. We reached out to the debtor, served a formal Letter of Demand (LOD), and communicated clearly on the situation. During our engagement with the debtor, we addressed the matter directly and made it clear that failure to cooperate or repay would result in escalation.
– Following our involvement, the debtor made full repayment on 22 April.
– The case was resolved within 48 hours from the date of engagement.
The client was able to recover the full amount of $13,220, with $11,900 returned after commission, without having to wait months or deal with prolonged uncertainty.
In situations where there are multiple creditors involved, delays can increase the risk of non-recovery. Acting early allows for better control of the situation and improves the chances of securing repayment before further complications arise.
If you are dealing with a debtor who is delaying payment or giving uncertain timelines, it is advisable to act early. You may contact Assured Debt Recovery at 8750 5736 for a discussion.