Industry: Higher Education
Results: Local office met with student in India on a weekly basis until student paid in full.
The debtor, a student, moved to India after leaving school without paying the student loan balance.
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.
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.