International Debt Recovery
All businesses will at some point face the problem of bad debtors or slow payers. The risk to those companies who conduct business across international borders of finding you have supplied the goods and now can not secure payment is very real. The difference between businesses that recover these international accounts and those that write them off is how they react to the situation.
The appointment of an international collection agency is often all that is required to secure or hasten payment from debtors. Especially if the collection agency in question is located in the debtors metaphorical backyard! Our trusted network of international collection agencies have the ability to communicate with your debtor in their own language and with the local knowledge needed to secure payment.
This exclusive network allows us to deliver highly cost effective international debt recovery services at prices other collection agencies simply cannot match.
How does International credit recovery work?
Any international account received for collection is reviewed by one of our experienced credit controllers and a local agency is identified in the debtors country of residence. All necessary information is collated and passed to our international affiliate and debt recovery procedures commence upon your acceptance of the quoted price. Our international affiliate will continue to pursue payment utilising their local knowledge and influence to identify the quickest route to resolution.
Updates will be provided continuously and the debtor will be constantly monitored and profiled. Should legal action become necessary our agent can begin proceedings on your behalf in a local court and continue until full payment is received.
Benefits of using a Creditsafe Ltd approved agent:
Most cases are paid in full once the debtor knows a local collection agency has been appointed to recover monies.
- Save valuable time and resources by allowing someone familiar with the applicable local collection statutes and procedures to act on your behalf.
- In depth local knowledge of the economy, law and environment give our international affiliates the reach to contact any debtor.
- Dramatically decrease the amount of bad debt you write off each year by partnering with a local debt collection agency who can work to secure your debts more effectively!
- Send out a clear message to all of your international customers that late payment and bad debts will not be tolerated. Ultimately ensuring you’re top of the list of people to pay this month and every month.
- Increase your company's cash flow and effectiveness, giving you an extra edge over your competitors.
