Situation:
Cedar was consulted because the client had no way of recovering balances in the UAE.
Action:
The local office of Cedar’s worldwide collection agency and collection law firm network initiated recovery efforts and sent all necessary documentation supporting the claim to the debtor.
The team was able to get in touch with the debtor right away; they accepted responsibility for the debt immediately.
Results:
All five claims were paid within 30 days of placement.
Original Debt Amount: $25,000.00
Returned to Client: $17,000.00
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