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Vega Corporate Services specializes in recovering unpaid debts from individuals or businesses on behalf of Banks, NBFCs and Fintech companies. Vega adheres with all compliances and regulations during its operations.
Creditors hire Vegas when they are unable to recover overdue payments through their own efforts. These debts may include credit card balances, loans etc.
Vega also helps its clients to negotiate settlements in particularly challenging cases, allowing borrowers to pay less than the total amount owed. In cases where debtors refuse to pay, Vega may escalate the matter by referring it to legal professionals who can initiate lawsuits.
By assisting in debt collection, Vega helps businesses recover lost revenue while ensuring that outstanding obligations are addressed.
How does Vega collect debt?
Vega, works on behalf of it’s clients to recover unpaid debts. We attempt to contact delinquent borrowers through phone calls, letters, and other communication methods, persuading them to settle their outstanding balances. Approved scripts and verbiage for callers are strictly followed. Tracing of uncontactable customers is also done.
Vega also helps in repossession of vehicles where the loan agreements/loan cum hypothecation agreement/lease agreement/hire purchase agreement has been violated, after following all legal requirements and due process.
