There is a reason why Creditors are unable to either meet or maintain consistency of targets where they know they could increase the ceilings but the question is how?
It’s not rocket science that for decades collection departments and external collection agencies have historically create a negative stigma around debt, everything pertaining to debt; i.e. the having of it or finding yourself facing a debt-crisis, how to effectively manage it and not build up emotional fear which then subsequently prevents a debtor from taking responsibility, action and ownership.
Old methodologies and approaches have dire negative results where regardless of insurance coverage, losses are incurred, perceptions locally and internationally remain negative and the outcome remains risky because there are no guarantees that a debtor will remain if treated harshly, not afforded the consideration as a human, forgetting pointing fingers as to the result of the outcome, but simply reviewing the situation to reach an amicable solution for both parties.
Creditors are always in the ‘pound seat’ but they should realise they cannot get blood out of a stone if there is no blood, or limited blood because the only solution is to treat this situation in a civil manner and only that attitude will transform the debtor into fully co-operating, nothing else.
We at EFFRS have established a reputation of dealing with debtors in the most civil respectful manner which we found is highly effective. The comparative is that coming down hard on a debtor who is already in a vice with their situation, renders emotional turmoil of hopelessness and creates more misery than what is already existing, where you don’t fight negativity or adverse situations with the same, rather a more respectful reasonable approach to achieve your goals and objectives as a creditor.
Hence we created a neutral environment where creditors can consult with our Officers enabling them to best present the debt situation to the creditor for consideration. It is then the creditors call as to the outcome which must be in complete alignment with their policies and approvals as this is not the EFFRS decision. We are only acting as facilitators and we manage the entire process between the debtor and creditor until complete and satisfactory.
There are so many industries who should be utilising our services as we alleviate this ‘pain’ area as pure collections is not always the most effective method to achieve goals and recoup debtor funds, it is proven that the EFFRS method is highly effective.
Our role and goal is organic, created by our founders who have a wealth of experiece within this domain as we do not assume responsibility for a task we are unable to undertake. Therefore we have identified a few key facets of business we will be implementing within EFFRS in the near future which is in line with our current portfolio.
Therefore partnering with EFFRS is beneficial for your business as we will take responsibility for this scope of work, which may not be fully implemented within your Organization as we are aware that Restructures & Consolidations is relatively new and we are in this for the long-term so relationship-building is important to us to establish the trust between our parties, ensuring our creditor clients achieve that level of comfort in dealing with us as their partner they can depend on to fully support them achieve their goals.
Our ultimate aim is to positively contribute towards the growth and GDP of the country and render consistent service excellence to all parties which therefore continues to elevate the profile of the country too.
Giving back is what we do best
