LDCR SAL

LDCR SAL formally (NDCR sarl) is a debt collection & recovery company established in the beginning of 2017. The company's main clients are major Lebanese Banks. LDCR's team is dedicated to achieve the targets and goals set by our clients. Professionalism & hard work are main company pillars. Our team is composed of 15 persons: 10 collectors & 3 administrators. Our goal is to work with the majority of Lebanese banks and keep our high standards of professionalism and extensive follow up. The company is based in Hamra main street, the heart of Beirut. Debt collection is the process of pursuing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. There are many types of collection agencies. First-party agencies are often subsidiaries of the original company the debt is owed to. Third-party agencies are separate companies contracted by a company to collect debts on their behalf for a fee. Debt buyers purchase the debt at a percentage of its value, then attempt to collect it. Each country has its own rules and regulations regarding them. LDCR is a third-party collection agency. A Collection agency is called third-party agency because such agencies were not a party to the original contract. The creditor assigns accounts directly to such an agency on a contingency-fee basis, which usually initially costs nothing to the creditor or merchant, except for the cost of communications. This however is dependent on the individual service level agreement (SLA) that exists between the creditor and the collection agency. The agency takes a percentage of debts successfully collected; sometimes known in the industry as the "Pot Fee" or potential fee upon successful collection.