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Why BCIL
 In Business Credit Information (Pvt.) Limited [BCIL], we work internationally as well as locally.

Why should I use your company’s service? What makes your company better than other collectors I am talking to?

 Our Company is controlled and managed by a team of professionals comprising CPA, CAs, ACCAs, Bankers, Lawyers and Assessors. Ore services are tested by the Banks and Financial institutions locally and satisfied with our services. The range of services and database  of financial and business information is increasing day by day resulting into quick response and information to the clients.

Are your rates negotiable?
It is all dependent depends upon the following factors:-

  • No of cases per month.
  • Exchange Rate.
  • Availability of information.

What is your success rate so far?
We always comply with quality standards and are successful in providing information that increases our success rate from 20% to 80%. It is also dependent upon the economic and geo political situation in the area. 

If the settlement amount is less that the debt amount that was assigned, how will you charge?
Only on collected amount despite the amount assigned.

What is the difference between using you and the lawyers for debt collection?

  • Lawyers will just be filing cases in the courts and try to obtain court decisions.
  • Lawyers will act on behalf of your behalf but his interest will only be upto the performance of his pleading service that might not get desire results.
  • We use every mean of communication to contact the debtor for recovery of debt that includes contact through letters, calls, faxs, emails, sms and visit.
  • No collection no commission
  • Recovery period shorter

What can your company do for me which other debt collectors cannot do. What make you different from others.

We continue to emphasize the clients list of debts that will be dealt by the professionally dedicated collection section staffed by highly qualified personnel. All the steps are taken within the legal framework and tried to maintain the level of professionalism. We always try to adopt such actions that do not disturb the personal and private lives of  directors We are providing a service that is used successfully for a decade by Client satisfaction is our highest priority. We pride ourselves on maintaining a close working relationship with our clients. If you have any concerns about the service received you may contact with us.

Period of collection varies from client to client and person to person. Although the standard period in the industry is 30 days but varies at different times.

  • We understand that you are involved in the business of sale and purchases and not the sales returns from your customers. We make every attempt to recover the amount owed to you. If the debtor is not in a position to pay the debt in time and intends to return the merchandise, we appreciate the decision made by you and will follow your instructions.
  • In case of sale returns, we will also co-operate with you by reduction of collection fee.
  • No action is pursued without your authorization. If you choose not to move ahead, the file is closed and confirmation is sent to you.
  • Where all efforts for collection of debts have been exhausted, and if the debtor continues to conduct business, not having filed bankruptcy, a lawsuit may be prudent. Such activity involves the services of an outside collection attorney and additional contingent costs will apply.
  • Debtors placed for collection are immediately contacted by our Account Resolution Specialists. Sometimes they resent having been placed for collection and send their payment to the creditor, hoping the agency will not be compensated.
  • In such cases, please let us know if payment was received so that collection activity will cease. An invoice will be sent to you to cover the contingent collection fee.

Debtors sometimes do this to delay payment or to avoid contact by the agency. Once the account is placed for collection it is best to distance yourself. Please refer them immediately to our office.

We always work for collection of debts (either local or international) through written contract. We also handle debt recovery on a contingent collection basis, no recovery, no fee. You are not obligated to place a minimum number of accounts.

 Must I sign a contract to use your service?

Yes, you must sign a formal contract to clearly understand the terms and conditions. We normally handle debt recovery on a contingent collection basis, no recovery, no fee.

 What happens if the debtor I placed for collection contacts me and wants to work out a settlement arrangement?

Debtors sometimes do this to delay payment or to avoid contact by the agency. Once the account is placed for collection it is best to distance yourself. Please refer them immediately to our office.

 

Is there a collection fee if the debtor sends their payment after I’ve placed them for collection?

 Debtors placed for collection are immediately contacted by our Account Resolution Specialists. Sometimes they resent having been placed for collection and send their payment to the creditor, hoping the agency will not be compensated.

In such cases, please let us know if payment was received so that collection activity will cease. An invoice will be sent to you to cover the contingent collection fee.

 

If you are unable to collect the account I placed, then what?

Such activity involves the services of an outside collection attorney and additional contingent costs will apply.

No action is pursued without your authorization. If you choose not to move ahead, the file is closed and confirmation is sent to you.

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Kibor Rates 25-02-2015
26/02/2015

1week, 2week, 1month - bid 7.97 - off- 8.47, 3month-bid-8.19-offer-8.44, 6 months-bid-8.19-offer-8.44, 9 months-bid-8.21-offer-8.7, 1year-bid-8.19-offer-8.69, 2 years-bid-8.27-offer-8.77, 3 years-bid-8.35-offer-8.55~~~~~~~~~~~~~~~~~~~~~~

KIBOR RATES - 21-03-2014
22/03/2014

  1Week- bid-9.04 - Off-9.54, 2Week -bid-9.58 - Offer-10.08, 1Month - bid 9.74 - Oferf- 10.24, 3Month-Bid-9.79-offer-10.04, 6Months-Bid-9.83-Offer-10.08, 9Months-Bid-9.86-Offer-10.36, 1Year-Bid-9.89-offer-10.39, 2Years-Bid-10.50-Offer-11.00, 3Years-Bid-11.44-Offer-11.94~~~~~~~~~~~~~~~~~~~~

25 Years Experience Of Preparing Corporate Information Reports, Using Millions Of Records.
Contacts Us
Tel: +92-334-4442348
Email: imranfca@hotmail.com

Suite No. 31, 2nd floor, Sadiq Plaza, 69-The Mall, Lahore.

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