A Successful Debt Collection Case in Turkey
Congratulations to Ibrahim Genc, a top debt collection expert on Expert Planet, who managed to recover a three-year debt in just one month! And the creditor now has already received the eighth installment payment this January. Read the whole debt collection story in the following content:
In this case, the creditor initially agreed to a one-year repayment plan due to their long cooperation with the debtor. However, despite the creditor’s persistent reminders, four years had passed, and the debtor showed no intention of fulfilling their payment obligation. Feeling a sense of despair, the creditor turned to Ibrahim on Expert Planet for a final attempt at resolving the situation.
Ibrahim Genc admitted that the debt collection was challenging, but he promised his team could handle getting the debtor to pay soon. After conducting thorough research on the debtor’s background, Ibrahim’s team initiated discussions with the debtor’s finance personnel who proved to be difficult to negotiate with. After many hours of negotiations, the debtor finally agreed to a monthly payment of $5,000, which would take over two years to settle the debt. This was unacceptable to Ibrahim and his team.
Determined to find a better solution, Ibrahim decided to directly communicate with the debtor’s CEO. After meeting face-to-face, Ibrahim and the CEO reached a compromise. They agreed on a monthly payment between 12K-15K USD. Thanks to the relentless efforts of Ibrahim’s team, the creditor received the first installment payment successfully after just one month of working with Ibrahim Genc. And this November, the sixth installment payment was received by the creditor on time.
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