Financial Institutions in UAE tend to all face the same problems when it comes to debtors “Skipping” on payment that usually tend to take the proceeds and establish new lives in their country of origin. They will often settle into their regular lives and begin the process of asset accumulation i.e. car, home, business, furniture etc. Debt exposure is an unfortunate part of every business however timely management and appropriate actions are key in ensuring business survival during these times.
Pennisula Business Solutions (PBS) has a customized strategy that can help organizations in the UAE to successfully recover all their default accounts despite the circumstances and how old the debt may be.
PBS has been able to develop a standarised collection of processes with modified solutions which allows UAE Financial Institutions to transfer their debts to PBS which enables us to lawfully take action through the UK County Courts in order to recover all the outstanding default debts which include penalty charges. PBS utilises the UK parent company jurisdiction to have more leverage and better represent their clients locally and internationally. PBS is able to effectively represent local government entities, corporate businesses and individuals due to our active approached and methods. We are able to handle recovery any account belonging to an EU citizen with reliance upon the European Payment Order (EPO). In order to come up with the best approaches and refined processes, PBS’s professionals analyse and study each of their clients to create the best individualized strategy.
PBS UK was established in 2004 that provides complete Debt Solution and is licensed by the Office of Fair Trading (OFT) in the UK to provide Consumer Credit Services. To this day PBS has been able to recover debts from some of the largest local and international companies in the world.
As one of the leading Debt Recovery specialists in World PBS’s success has been based on process orientated structured approach which allows them to mediate mutually agreeable resolutions.