International Debt Collection
PB
International debt collection services are generally based on a no
collect - no fee commission basis on money 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. All efforts are made to settle the debt amicably without
investigating legal action at the first stage. Most of the assignments
are completed at this stage.
In the event our
efforts are not successful at the 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 control of the files and costs
associated with such legal actions, at all times.
A regular report (monthly, quarterly or as development occurs) is sent to the clients (procedure may defer in some countries).
It
is perhaps worth nothing 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, while also
having the local knowledge of the legal system, customs and culture
that are often essential in effecting a recovery