Meridian is the first company in the world, which transferred financial instruments coming from the financial market to debt collection activity. It turns out that the ways and methods previously used do not meet the expectations and are ineffective. The judicial collection leaves a lot to be desired, is relatively expensive, time-consuming and the road from getting the judgement to recovering money is long. The methods of collection previously used do not motivate the debtors in a satisfactory way to repay their liabilities. Written payment orders directed to them or frequent phone calls or even visits of debt collection officers in their headquarters are outdated methods. They do not correspond to present needs and expectations of the customers.

Meridian employees do not go to debtors, debtors come to us, because they have an interest in that. We offer to debtors concrete benefits in the form of financial assistance. Meridian can afford it, because it functions on the market not only as a debt collection company, but also as an investor which deals with company financing. The Meridian collections strategy consists in the fact that we not only demand the debt repayment from the debtors but in exchange we offer them loans for debt repayment. The debtors take willingly advantage of this possibility.

If that could help in the debt repayment, we also put forward the development of remedy programmes as well as consolidation and restructuring of their financial liabilities. Within the framework of Meridian Business Forum we make it easier to debtors to win new customers and enter new sales markets.

This strategy brings positive results, because it affects directly the effectiveness of collection activities conducted by us. Its effect is also a visible shortening of the collection period. This applies in particular to the debtors who do not repay their debts due to financial problems arising from the loss of financial liquidity.

Another financial instrument applied by us, consisting in enabling the clients the conversion of debt to funds, has also proved effective. It produces to our clients a feeling of security that even when the debt collection fails, and that cannot be ruled out, there is still another solution.
Another instrument of persuasion, this time of psychological nature, applied to debtors in the form of the publication of their debts on the Internet on the auction service website plays an auxiliary and supportive role during the negotiations conducted with the debtor.

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