PRD Advisory were appointed by the National Australian Bank as Receivers and Managers of Nat Credit 1 Pty Ltd and Nat Credit 2 Pty Ltd (the Companies), which traded previously as Get Car Loans.
Our appointment involved the recovery and management of the Companies loan books of approximately 500 car leases totaling in excess of $4.5 million, from current and delinquent debtors. National Collection Services were engaged to not only undertake the collections of the funds owed to the bank, but to also administer the day to day management of client contracts.
Significant priority on regulatory measures and compliance is needed when collecting from high risk individuals. Given the type of loan book, previous trading and lending criteria, National Collection Services have exceeded all expectations by way of their procedural compliance, collection/management systems and collection results.
Their reporting systems are exception. They have created and produced reports to our specific requirements, whereby substantially minimising the Receivers involvement in overseeing the collection process, thus reducing costs to the bank.
They have conducted themselves at all times with the utmost professionalism and integrity and I have no hesitation in recommending them and their services to any organisation looking for a quality debt recovery agency.