Key benefits
  • No collection no fee
  • No hidden charges
  • No placement fee

Globalization and information technology have opened up new vistas of opportunities for entrepreneurs across the globe. Indeed, this has facilitated the conduct of business as smoothly from one country to another as within. Consequently, today entrepreneurs are increasingly taking risks by working with companies in other countries without having any prior knowledge of their reputation and creditworthiness. There is, therefore, a clearly felt need for a reliable agency located in the importing country who can intervene at three stages:

  • Firstly, the agency should be able to provide reliable information about the credit worthiness and standing of a prospective buyer.
  • Secondly, it should be able to work as a debt recovery facilitator by undertaking follow-up and persuasion.
  • Lastly, it should be able to co-ordinate legal action, if necessary. This calls for many new support services to facilitate fair international trade between parties located far and wide.

MNS is the pioneer agency in India to bridge this gap. We offer debt collection services designed to suit your needs on a "no collection, no fee" basis. Thus helping you recover your debts in a hassle-free and cost-effective manner.
 
We realize that debt collection is a sensitive issue and every case is unique. Our professional approach helps to recover debts quickly, minimizing the disruption to your business while preserving your client relationships at the same time.
 
Our worldwide network of experienced debt collectors, lawyers and other experts helps us collect the debts no matter where the debtor is located. The experts analyze the situation and recommend the best strategy for recovering overdue debts. Besides, they also handle all communication including initial demands, negotiations and, if needed, any legal proceedings.

Procedure

  • Trace the debtor
    Regular follow up by means of Demand letters / Collector’s Visits / Telephone Calls
  • In case, the debtor contests, MNS attempts for an amicable settlement by following proven principles of negotiation:
    • Bringing parties to the Negotiation Table
    • Identifying the problems
    • Establishing facts
    • Clarifying issues
    • Developing options for settlements
    • Ultimately reaching an agreement by getting a written acknowledgement from the debtor
    • In case the amicable settlement fails, in-house legal notices are issued at no extra cost
  • Finally, if required legal action is initiated at a very competitive actual cost