When traditional pre-litigation collection efforts fail, our team offers strategic assistance in obtaining legal recourse worldwide. With a worldwide network of debt collection lawyers and experts, we provide clients with access to qualified attorneys located in every state and province in North America and in countries around the globe.
About Us
Why We Are Different
Since 1991, Cedar Financial has strived to become a leader in legal debt recovery.
When pre-litigation collection efforts are unsuccessful, Cedar Financial provides strategic assistance in obtaining legal recourse worldwide. Our qualified network of attorneys is located in every state and province in North America and in countries around the globe.
Cedar Financial’s network, developed from a desire to offer quality legal collections, has been built through decades of relationship building. We offer expert legal efforts to clients on a competitive cost structure unmatched by our competitors. Paired with our knowledge and industry experience, our low-cost legal collection services help our clients effectively recover debt.
Cedar Financial’s Debt Collection Divison handles all aspects of legal collections from skip tracing and asset location to filing a lawsuit, obtaining a judgment, and enforcement. We efficiently locate debtors, identify assets, obtain judgment, and proceed with post-judgment enforcement to resolve your debt issues as quickly as possible.
What We Stand For
Our mission
Our mission is to be the leading international debt collection agency, by providing our clients with top-quality local debt collection representation around the globe, while preserving the integrity and professionalism of our clients and their own customers throughout the debt collection process.
Our Goal
Our goal is simple, to deliver the most comprehensive and professional legal debt recovery services available to our clients. All this, while focusing on the unique challenges in your industry.
Our Values
To preserve the integrity of our clients and customers throughout the debt collection process by providing the highest ethical, professional, and customer service standards possible.
Our “People First” approach has benefited thousands of clients in reaching amicable resolutions for their outstanding accounts, all while protecting the relationships you’ve created.
Robust Legal Department
INVENTORY MANAGEMENT
TOP-NOTCH ATTORNEY NETWORK
BEST IN CLASS AUTOMATED PROCESS
Top Challenges in Legal Debt Collection
Logistics
Legal and Regulatory Compliance
Updated Methods
Logistics
Cedar Financial offers comprehensive logistics for debt collection services across the United States, backed by our licensing and a robust network of legal professionals. Our affiliated firms comprise knowledgeable debt collection attorneys who are well-versed in the laws, language, and cultural nuances of their respective regions. As a partner of both ACA International and TCM Group, we maintain the highest standards of ethics, professionalism, and customer service in the industry.
Legal and Regulatory Compliance
We take pride in our Services, which are designed to be efficient, effective, and compliant with all applicable legal and regulatory requirements. With a focus on innovation, technology, and customer satisfaction, we have built a reputation as a leading provider of Legal debt collection in our industry. We strive to maintain the highest standards of professionalism and integrity in all that we do, and we are proud to be a trusted partner for our clients.
Updated Methods
Cedar Financial uses a compliant, omnichannel approach to reach customers the way they prefer. With easy self-service options, customers can pay on their own time, or contact us on their channel of choice for extra support. We also give you the tools you need to stay informed, with 24/7 access to real-time status updates, reports and collection notes through our secure online portal and client relations reps.
US Litigation
File Vetting Process
Before we move forward with legal action, Cedar Financial undertakes a thorough review to determine the potential risks and rewards. We will only recommend litigation if we believe that your file is collectible. If your file is approved for litigation, we’ll provide low-cost options to keep your expenses low and recovery high.
Attorney Network
Cedar Financial saves you the hassle of locating and vetting attorneys on your own. We maintain a network of top debt collection attorneys around the globe, making the transfer of accounts from collection to litigation effortless. All files are managed in-house so you get the benefit of top-notch representation in your debtor’s jurisdiction without having to deal with someone new.
FAQs About Legal Debt Collection
Cedar Financial specializes in international debt collection and has extensive experience in recovering debts across various countries. Our global network of partners allows us to effectively navigate different legal systems and cultural nuances to maximize recovery rates.
Our legal department accepts files with a balance of $5000 or more, and there is no minimum volume required to place accounts.
Our legal debt collection services cover consumer, commercial, and domestic debt for almost every industry.
The typical timeframe for legal debt collection is between 6 to 18 months. However, the exact duration can vary depending on the specifics of the case.
Initial evaluation: The creditor provides the relevant details of the debt to the legal service provider, who then evaluates the case to determine the appropriate legal approach to take.
Demand letter: The legal service provider sends a demand letter to the debtor, notifying them of the outstanding debt and requesting payment.
Filing a lawsuit: If the debtor fails to respond to the demand letter, the legal service provider may file a lawsuit against them in court.
Judgment: If the case goes to trial, the court will determine whether the debtor is liable for the debt and the amount owed.
Collection: If the debtor is found to be liable for the debt, the legal service provider can take steps to collect the debt, such as wage garnishment, bank levies, or property liens.
It is important to note that the specific steps involved in the legal debt collection process may vary depending on the specifics of each case.
To proceed with your debt collection case, we require debt validation documents from you. These documents can be provided manually or through API integration, whichever method is more convenient for you.
Yes, collection fees may be added to the outstanding balance when filing a debt collection lawsuit, subject to the contract terms and judicial discretion.
Cedar Financial specializes in international debt collection and has extensive experience in recovering debts across various countries. Our global network of partners allows us to effectively navigate different legal systems and cultural nuances to maximize recovery rates.
At Cedar Financial, we prioritize compliance with debt collection laws and regulations. Our team is well-versed in the Fair Debt Collection Practices Act (FDCPA) and other relevant laws governing debt collection. We adhere to strict ethical standards and conduct our operations in full compliance with applicable regulations.
Cedar Financial provides debt collection services for both businesses and individuals. Whether you are a small business owner or an individual looking to recover outstanding debts, our team is equipped to assist you with professionalism and expertise.
In the event of a debtor declaring bankruptcy, our team of legal experts will evaluate the situation and provide guidance on the most appropriate course of action. We will work closely with you to navigate the complexities of bankruptcy proceedings and explore possible avenues for debt recovery.
Cedar Financial distinguishes itself through its extensive international network, years of industry experience, and commitment to personalized customer service. Our dedicated team of professionals strives to provide effective debt recovery solutions tailored to your specific needs, ensuring the highest level of customer satisfaction.
Absolutely! We would be more than happy to provide references from our satisfied clients who have benefited from our legal debt collection services. Please reach out to our team, and we will gladly connect you with relevant references.
Yes, Cedar Financial offers skip tracing services to locate debtors who have relocated or changed their contact information. Our skip tracing methods utilize various databases and investigative techniques to track down individuals effectively.
We take any disputes or claims of unfair debt collection practices seriously. If you believe you have been treated unfairly or have a dispute regarding the debt being collected, please contact our team immediately. We will thoroughly investigate the matter and take appropriate steps to resolve any issues.
- Once we successfully recover a debt, Cedar Financial offers various payment options to ensure a seamless and efficient process. We can arrange for funds to be transferred electronically, by check, or via other secure methods, based on your preference.
While Cedar Financial has an excellent track record of debt recovery, there may be instances where debt collection efforts are unsuccessful. In such cases, we will provide you with a detailed analysis of the situation and explore alternative options to help you make informed decisions regarding the next steps.
Top-notch Attorney Network & Best in Class Automated Process
- Judgment Enforcement
- Placement with Attorney
- Clients Approval
- Vetting Process
- Pre-litigation Efforts
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