CREDIT SERVICES - DEBT COLLECTION
Our International Debt Collection Services are generally based on a No Collect -- No Fee commission basis on monies collected whether paid direct or through our office, once the file is placed with us.
The debtor is contacted directly via telephone, solicitors letter or a field call* and all efforts are made to settle the debt amicably without instigating legal action at the first stage. Most of the assignments are completed at this stage.
In the event our efforts are not successful at first stage we then try to assess the debtors financial situation and assets (not applicable in some countries)
In the event our investigations establish that there are assets that would provide satisfaction of your debt, however the debtor refuses to respond to our attempts to negotiate the recovery, we shall report to you accordingly, advise you if legal action in our opinion is warranted, and if so what costs would be involved. This ensures that you retain at all times control of the file/s and costs associated with such legal actions.
A regular report (bimonthly, monthly, quarterly or as development occurs) is sent to the clients (procedure may defer in some countries)
It is perhaps worth noting, that when legal action is instituted on behalf of our clients we are able to offer substantially reduced legal costs, due to the volume of files that our offices handle, whilst having the local knowledge of the legal system, customs and culture that are often essential in effecting a recovery.