Case Study: China

US Export Insurance Guarantor

Situation:

The debtor, a student, moved to India after leaving school without paying the student loan balance. The debtor had been making partial payments but stopped when he moved back to his country. Cedar was consulted because the client had no way of recovering debt in India.

Action:

The local office of Cedar’s debt collection global network sent a legal advisor to meet with the debtor on a weekly basis till the payment details were agreed upon.

Cedar’s legal representative built a rapport with the debtor and was able to recover the full amount.

Results:

The debtor accepted responsibility for the debt and paid the claim in full.

Original Debt Amount: $26,159.62

Collected: $26,163.38

Returned to Client: $20,930.70

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