Debt collection and service abroad refers to the process by which companies collect unpaid debts from international transactions. In such cases, the creditor can engage a debt collection agency that operates internationally.
Here are some key points to consider when handling debt collection and service abroad:
1. Legal Framework
Every country has its own legal regulations that affect the debt collection process. Therefore, it is important to familiarize yourself with local laws or choose a debt collection agency that is familiar with these regulations.
2. Choosing a Debt Collection Agency
For international debt collection cases, it is advisable to engage a debt collection agency with an international network and experience in the respective legal system. Such agencies are familiar with local customs and often have a better chance of success.
3. Costs and Fees
Fees for debt collection abroad can vary depending on the debt collection agency and the country. In some cases, these fees also depend on the amount of the claim. It is important to clarify the cost structure in advance.
4. Communication and Negotiations
Debt collection agencies in international cases also handle communication with the debtor and often operate in the debtor's native language, which facilitates the debt collection process.
5. Legal Proceedings
If debt collection is unsuccessful, legal proceedings can be initiated. In this case, the creditor must consider the specific legal procedures and costs of the respective country.
6. International Contracts and Agreements
To prevent problems in advance, it can be useful to include clear provisions regarding payments and debt collection procedures in the contract to avoid legal complications later on.
Do you have a specific country or region for which you need debt collection information?
As described above, doing business abroad presents numerous challenges. In addition to language barriers, country-specific laws and regulations must be considered, which play a crucial role in the enforcement of claims. Keeping track of everything can be complex and time-consuming.
Are you looking for a reliable partner for efficient and effective B2B receivables management abroad?
INTERWEGA's "International Collection" division offers you comprehensive debt collection and receivables services for international markets. Our services are based on the close collaboration of our in-house specialist department with qualified employees and a long-established, global partner network.
Benefit from professional receivables management specifically tailored to the requirements of international business relationships.
Our services at a glance
- Management and review of assigned receivables
- Individual, country-specific receivables management through renowned partners abroad
- Address determination in accordance with the regulations of the respective country
- Extrajudicial, qualified dunning procedures
- Depending on the country: telephone collection, email reminders, and/or field service activities
- Conclusion and monitoring of installment payment agreements
- Initiation of legal proceedings (only with the express permission of the client)
- Communication with debtors in English and other national languages
- Transparent cost structure with advice on prospects of success
- High success rate through specialized out-of-court processing
- Fast response times for prompt liquidity inflow
- Comprehensive industry expertise
- Focus on the B2B segment with customized workflows
- Additional services such as field service and detective services
- Fair, success-based terms
- Maximum transparency through secure online access
- More time for your core business
- Efficient receivables management – nationally and internationally
Leverage our expertise for your receivables management, both domestically and internationally. Thanks to customized interfaces, an online service, and the option to submit outstanding receivables by email or mail, we make the process as simple and efficient as possible for you.
Contact us – we will support you in enforcing your receivables worldwide!