Navigating Debt Collection: Turkey Success Stories
Debt collection is always a daunting task, especially when dealing with debtors in a foreign country. Luckily, you’ve discovered Expert Planet, where a vast network of international collection professionals stands ready to assist you. With our experts by your side, your chances of success are greatly enhanced. Explore real cases below, showcasing how our experts have helped users successfully retrieve their payments in Turkey.
Case 1 Recovering a 3-year debt in just one month!
Debt Amount: 140,660.60 USD
Age: 3 years 3 months
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 admitted that the debt collection was challenging, but he promised his team could handle getting the debtor to pay soon. After conducting a 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. And until February 2024, the ninth installment payment has been received by the creditor on time.
Case 2 Successful collection in only 9 days!
Debt Amount: 13,046 USD
Age: 1 month
Upon the arrival of goods at the Istanbul port, the debtor vanished without a trace. Despite attempts to reach them via email, WeChat, and telephone, there was no response. Faced with this situation, the creditor sought the assistance of Ibrahim for debt collection.
The debtor proved to be very crafty, intentionally using tactics to delay payment. To resolve the situation, a lawyer from Ibrahim’s team personally visited the debtor for a face-to-face negotiation. With the lawyer’s firm approach, the debtor agreed to make the balance payment. Remarkably, within just 9 days from the initial contract with the creditor, Ibrahim and his team successfully recovered the debt with their effective strategy.
