Debt Collection Agency in Port Harcourt – RecovaDebt Limited
RecovaDebt Limited is a premier debt recovery agency in Port Harcourt offering effective Debt Collection services in Nigeria, positioning itself as the go-to partner for debt recovery with a no-recovery, no-fee model and cross-border support since 2016.
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Company description
About RecovaDebt Limited – Debt Collection in Nigeria
RecovaDebt Limited, based in Port Harcourt, Nigeria, is a leading debt collection agency dedicated to ethical and efficient recovery services. Established in 2016, the firm has positioned itself as a premier partner for both B2B and B2C debt recovery across various industries.
Proven Results
RecovaDebt Limited has demonstrated impressive success with an 80% recovery rate and an average debt resolution time of 90 to 180 days. One significant case involved representing over 400 investors against MBA Forex and Capital Investment Limited, securing court orders to freeze debtor accounts. This accomplishment illustrates RecovaDebt’s ability to manage complex recoveries through legal and regulatory channels, enhancing trust and credibility as a reliable debt collection agency in Port Harcourt.
Our Process
RecovaDebt Limited employs a structured approach that ensures effective debt recovery. The process is designed to address both willing and unwilling debtors efficiently:
- Engage debtors within 24 hours using preliminary negotiations.
- Negotiate payment plans for cooperative debtors and monitor compliance.
- Issue demand letters if initial contact fails.
- Engage local law firms for legal enforcement when necessary.
- Include all legal and agent fees in the contingency pricing.
- Utilize advanced skip-tracing to finalize difficult recoveries.
Meet the Team
Founded by a team skilled in debt and credit management, RecovaDebt employs professionals primarily from legal and banking backgrounds. Key figures include Idode Izegboya Momoh, a seasoned legal practitioner, and Oyintare Dite-Ojoko, the Chief Operating Officer. This blend of expertise and strategic leadership ensures that RecovaDebt is well-equipped to handle complex debt recovery cases with precision and efficacy.
Services & Industries
RecovaDebt Limited offers a comprehensive suite of services, including full-service debt recovery, bad debt collection, and express debt recovery. The firm applies its services across a wide range of industries, providing solutions for both business and personal debtors. For more information on debt collection in Nigeria, you can refer to Debituras Nigeria debt‑collection guide.
PRICING MODEL
RecovaDebt Limited follows a contingency fee structure tailored to the complexities of debt recovery processes. For intra-state debt collections, the agency charges a success fee ranging from 10% to 25% based on a no recover, no fee basis. This approach ensures clients only incur charges when their debts are successfully collected. For inter-state recoveries, the agency assesses the anticipated challenges involved and applies a fee ranging from 25% to 40%. This tiered pricing model reflects the varying levels of effort and expertise required in different recovery scenarios. By aligning their tariffs with recovery success, RecovaDebt Limited offers a client-focused service designed to minimize financial risk. Request a detailed quote.
Process
Discover how Debitura can streamline debt recovery in Nigeria. Debitura is a tech‑powered debt‑collection platform that routes every claim to vetted local experts for immediate, country‑specific action. Operating across 183 countries, the firm offers unparalleled reach and expertise. Clients benefit from a no‑cure‑no‑pay approach when engaging a debt collection agency in Nigeria. Explore the Nigeria debt‑collection guide for insights into statutory interest and expected timelines. Enhance your global strategy with Debitura’s Africa debt‑collection network to maximize success across diverse markets.
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Top-Rated Debt Collection Agency in Nigeria
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