INVEST CREDIT CAPITAL LLC has completed the process of cleaning up toxic assets of the loan portfolio of Credit Union “Garant”

21.01.2016

INVEST CREDIT CAPITAL LLC has completed the process of cleaning up toxic assets of the loan portfolio of Credit Union "Garant", the work on which was started after the conclusion on September 15, 2015 of agreement with a financial institution on transfer of problem assets in the amount of about UAH 1.3 million to the management.

"It is no secret that not all 100% assets obtained by our company to the management are returned cleaned to the loan portfolio of Credit Union "Garant". There was a certain percentage of borrowers who for various reasons did not want to go to contact. As for such debtors the legal service of INVEST CREDIT CAPITAL LLC had to organize professional claim-related work, - the director of INVEST CREDIT CAPITAL Mykola Korolenko said. - However, working with distressed borrowers, employees of INVEST CREDIT CAPITAL used such a powerful pretrial tool for conflict resolution as financial mediation, when perfectly oriented in the position of Credit Union and carefully studied the situation of the debtor, after negotiations with distressed borrowers using joint efforts an acceptable for each party mutually beneficial solution was found.

I am pleased with the professional staff of INVEST CREDIT CAPITAL. Because using methods of financial mediation, respecting the debtor's personality, understanding the situation that is often difficult objectively, which contributed to the temporary getting of a previously conscientious borrower to the category of troubled ones, we  not only helped the credit union to find the common ground with the vast majority of borrowers who were already considered as hopeless, but also acquired good customers. Please, agree, it is pleasant when people call to the company who want to use the services of INVEST CREDIT CAPITAL after the recommendations received from troubled debtors of Credit Union "Garant" with which employees of our company negotiated on the necessity to fulfill their credit obligations!"