Debt Collections Made Better
DEBT COLLECTION IN ISRAEL
Debt collection in Israel is regulated by strict laws to protect both creditors and debtors while ensuring fair recovery practices.
Key Aspects
- Regulation: Governed by the Execution Office Law and the Fair Debt Collection Law. Debt collection agencies must be licensed.
- Collection Process: Starts with written notices and negotiations. If unpaid, creditors may escalate to collection agencies or take legal action.
- Legal Enforcement: Creditors can file a claim with the Enforcement and Collection Authority (Hotza’a Lapoal), which can enforce payments through wage garnishments, asset seizures, or travel bans.
- Consumer Protections: Harassment, threats, and unfair practices are prohibited. Debtors have rights, including payment plans and dispute mechanisms.
Debt Collections Made Better
Transforming debt collections with a respectful approach for more satisfying results
Collections are not simply about the numbers, and it’s not all about collecting a debt — it’s about finding reasonable solutions that help people gracefully meet their financial obligations. At IDCC, we bring a human focus to debt collections by approaching every interaction with empathy.
IDCC performs its collections for our clients in a structured and organized way to provide maximum results in collection
- Precise financial diagnosis regarding the existing debts of customers and the company itself
- Debtor files are transferred to several departments, each handling a suitable type of file
- Actual collection is done by a team with a financial background and excellent interpersonal skills to maintain the relationship between the customers and their debtors.
- Using IDCC’s method, developed over years, collection will be effective and provide our customers with the desired results and a return of at-risk income