Here are just a few client examples of where Cedar Financail was able to recover debt in far away places:.

Location: China

• Client: Export insurance guarantor in the USA
• Age of Debt: 2 years
• Situation: Cedar was brought into the situation because the client had no solution to recover balances in China
• Action:
  • Local TCM office sent demand letters and followed up with phone calls
  • Our local TCM office then met in person with the debtor to come up with an amicable payment plan
  • On-site visits occurred often. Our local TCM office and the debtor shared dinners with one another establishing a relationship and friendship during the course of recovery efforts
• Results: Payment plan was decided upon and agreement was signed by all parties involved
  • Original Debt Amount: $214,000
  • Collected: $250,000
  • Returned to Client: $212,000

Location:United Arab Emirates (UAE)

• Client: Provider of high speed data connectivity while flying
• Age of Debt: Multiple invoices - up to 2 years old
• Situation: Cedar was brought into the situation because the client had no solution to recover balances in the UAE
• Action:
  • Our local TCM office initiated recovery efforts and sent all necessary documentation supporting the claim to the debtor.
  • We were able to get in contact with the debtor right away and they accepted responsibility of the debt immediately.
• Results: All five claims paid within 30 days of placement.
  • Original Debt Amount: $25,000
  • Collected: $20,000
  • Returned to Client: $17,000

(read more on China-specific debt collection)

Location :India

• Client: Ivy League College and one of the top ten schools in the nation
• Age of Debt: 5 years
• Situation: Claim was for an unpaid student loan. The debtor moved to India after leaving school. Cedar was brought into the situation because the client had no solution to recover balances in India
• Action:
  • Our local TCM office sent a legal advisor to meet with the debtor once a week until payment details were agreed upon
  • The debtor had been making partial payments but stopped when he moved back to his country.
  • The legal representative was able to build a rapport with the debtor which led to a successful outcome.
• 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

We offer the following International services:

• Collections
• Debt Purchasing

Please visit our Services menu to learn more.