Financial institutions generally provide secured loans, such as credit cards, auto loans, personal loans, overdrafts, home loans, easy loans, and so on; however, in the event that a borrower defaults, the debt can be challenging to collect, particularly if the expenses incurred in doing so exceed the amount owed. Furthermore, financial institutions opt to outsource the debt collection process to a third party rather than risk losing more money on bad loans or incurring additional expenses. Our professional team’s step in when a financial institution has tried every method possible and still isn’t able to retrieve a loan.

Several steps must be taken in order to recover a personal loan, including:

• GLC will assess the situation and make a plan of action.
• The debtor—who may be domestically or overseas—is tracked down and located by the GLC Tracing Team.
• By concentrating on “creative problem solving,” the team of negotiators at GLC contacts the debtor and attempts to reach an amicable settlement without sacrificing the full benefits owed to the bank.
• We work with our overseas collection agencies to collect debts from debtors who have left the country, and we stay in contact with them until the debt is paid in full.
• Legal action is an option, if necessary.

Our ability to negotiate and persuade, along with our specialized communication strategies that go beyond emails and phone calls, have contributed to our success rate in recovering credit cards, personal loans, overdrafts, home loans, easy loans for financial institutions.

Our teams’ members play a variety of roles when it comes to loan recovery: they are investigators, strategists, negotiators, problem solvers, and communicators.