What makes our debt prevention and collection services worthy to use?
- The company providing debt collection services has well formulated, extended information flows, debt collection leverage and experience in a field of pre-trial debt collection.
- Debt collection is handed over to specialists thus You can concentrate all Your attention to management and development of the main activity of your company.
- You will recover Your funds and increase money flows faster.
- You will cut down on the costs of debt administration and collection and increase debt collection efficiency.
- You will avoid common mistakes usually made due to lack of practice and untimely decisions as well as prevent new debts.
- You will maintain good business relationships with indebted clients.
Pre-trial debt collection
According to client’s instructions and actions needed, the following debt collection operations are being performed:
- reminder calls in order to remind client’s clientele about active invoices with ongoing period of delayed payment, list of reminder calls is being kept;
- calls to client’s debtor;
- urging notices sent by e-mail/fax/registered letter with delivery confirmation, subject to debtors behaviour, credit status and debt size;
- review of negative information about the debtor (urgent upon request);
- visiting of “problematic” debtors when debt collection runs for more than 10 days (specific debtor evaluation form filled during the visit);
- report on work with debtors is presented and debt collection actions are registered;
- information about debtor’s property and recommendations for application of forced collateral are provided as well as advice on applying temporary protection means to debtors property;
- conclusion of creditor’s claim transfer contract – when debtor has no funds or property to redeem his debt, he may transfer his own debtors to his own creditor (our client), hence our Debt collection department takes over working with these debtors;
- we give recommendations for in-trial debt collection or write-offs when all pre-trial debt collection means have been exploited;
- in order to use all pre-trial debt collection means efficiently and give enough time for the debtor to redeem his debt we recommend 1 month as a minimum period of work with debtor. Upon request this period may be shortened or extended;
- grouping of debtors by extent of debt, behaviour during debt collection process and credit status. Considering this information we apply corresponding debt collection means;
- interim debt suspension and/or individual debtor’s payment schedule requests are discussed and signed after considering debtor’s behaviour, credit status and extent of debt;
- expeditious informing of the client about debtors payment terms and redemption conditions;
- a detailed evaluation of debtor’s credit is being performed when debt collection runs for more than 15-20 days;
- insolvent or “deliberately avoiding payment” debtor’s announcement on the internet with client’s consent and debtor’s notification in advance;
- assistance, consultations and mediation at arranging and signing bills of exchange;
- consultations and hands-on assistance for debtor finding himself in a complicated situation due to improper implementation of his debt commitments, solution seeking by cooperating with debtor's creditor.
Debtor’s credit evaluation
We evaluate credit status of potential and actual debtors that way helping You to efficiently plan invoice payments and debt collection policy in Your company.
Control stamp for invoices
As business success is often determined by sufficient amount of circulating assets but business relations make us all liable to each other, for this reason we offer to use control stamp for invoices as a mean to prevent debts. This stamp is well-tried and credible debt prevention mean. Stamped invoices are being sent to payments delaying clients as well as to the new ones.
