1, know the debtor's situation
Before we start to collect debts, we need to know the debtor's situation, including their economic situation, repayment ability, credibility and so on. This will help you to formulate a more effective debt collection strategy. When you understand, you must investigate clearly and don't make mistakes.
2. Negotiate with the debtor
After knowing about the debtor, we can negotiate with them. We can put forward some reasonable repayment plans, such as installment payment or making a clear repayment schedule. If the debtor agrees, a written agreement can be signed to ensure the implementation of the repayment plan.
3. Take legal action
If negotiation fails, we can consider taking legal action. First of all, we can bring a lawsuit to the court and ask the debtor to repay the debt. In the course of litigation, you need to provide evidence to prove that the debtor really owes you money. If the court decides that debtors must pay, they will have to carry out the judgment.