Industry: Higher Education
Location: India
Results: Local office met with student in India on a weekly basis until student paid in full.
Background:
The debtor, a student, moved to India after leaving school without paying the student loan balance.
The Challenge:
The student had been making partial payments but stopped when he moved back to his country. Our client, a top-10 Ivy League college, had no way of recovering debt in India, so assigned the file to Cedar Financial for collection.
How Cedar Financial Solved the Problem:
Our local office in India, managed by Cedar’s worldwide collection agency network, sent a legal advisor to meet with the student on a weekly basis.
The legal collections representative built a rapport with the student, ultimately convincing him to accept responsibility and pay the debt in full.
The Takeaway:
Collecting overseas student debt is difficult without local help.
Cedar Financial’s vetted network of 150+ international debt collection offices gives you the local reach and resources needed to convince your debtor to pay.
With local demand notices, in-person field visits and collections professionals familiar with the customs and laws of your debtor, you can achieve higher success rates no matter where your students are located.
