WHO COULD HELP ME GETTING INVOICES PAID?

Choice debt collection

Whether you are a private person, a SMEntreprise (99% of businesses in Europe) or a multinational, unpaid invoices are a painful and delicate matter.  It is usually a source for concern and stress.  It is also a time consuming activity to chase payment.  However, there is a possibility to outsource this painful task.  How do you choose for the appropriate assistance?  

An attorney at law

If you wish to go legal, you need an attorney.  Even if the law allows you in some cases to represent yourself, it is advisable to get an attorney’s help in any event.  If your claim is valid and substantiated by proof, you will get an executable title after a few months.  Sometimes the debtor will file an appeal. Otherwise, your money should be collected after some further efforts (like serving the judgement, etc.).  But in some instances, the debtor will be insolvent and the costs of the procedure will be paid by you, adding to the pain of losing the amount due to you.

Debt collectors work with attorneys at law when the debtor seem solvent and is of bad will.  TCM sends 0,6% (6 in 1000) claims to courts.

Bailiffs

You can also have a bailiff to address your debtor.  Bailiffs are – by law – in charge of the execution of judgements.  Bailiffs can also send demand letters to debtors.  Tests done on a large scale show that letters by attorneys, bailiffs and debt collectors have the same impact.  The wording has little impact (if clear and non-aggressive).  In fact, either the debtor is willing to pay and any third party letter sends the message that it is about time to do so or the debtor doesn’t want to pay and will not do so at such stage (most debtors know that a demand letter is just an invitation.  Attorneys and bailiffs need – by law – to specify on their letters that their demand is out of court and amicable).

A debt collector

The debt collector’s approach is essentially to inform, listen and suggest.  His communication reflects facts (“you have ordered, …”) and asks for explanation (“why did you not …”).  In this way, the debt collector identifies the reason for non-payment.  Having no money to pay is far from being the main reason for non-payment.  Once the reason for non-payment is clear, it is essential to know what the debtor proposes.  It is seldom efficient to impose own solutions on others.  Only after the debtor’s proposal, the debt collector will try to improve such solution if its seems unsatisfactory.

Communications by debt collectors include all means: letters, fax, email, sms, phone and even on site visits.  There are legal aspects for such communication.  The debt collector knows what is legally allowed or not, what is efficient or not in order to obtain amicable payment.

With the debt collector, you avoid useless costs (through the no cure no charge principle).  You also avoid costly and painful court actions where not needed (ie for the vast majority of the cases).  And the debtor spares money that he can pay to you instead of paying his own defence attorney.

Conclusion

Unpaid receivables are the first cause for bankruptcy.  When you are confronted with such plague, your best move is to require help from a professional to get your money back in.  They act independently and do know the legal and usages aspects of the game.  Debt collection staff knows how to address the problem of unpaid bills because they are trained for it and do accumulate experience on debt communication management.  They look for the best way to get your money paid in, preferably out of courts and at affordable costs.  It is essential to choose your debt collector well.

You wish more details on what we can do for you?  Check our website or contact us!

WHO COULD HELP ME GETTING INVOICES PAID?

Choice debt collection

Whether you are a private person, a SMEntreprise (99% of businesses in Europe) or a multinational, unpaid invoices are a painful and delicate matter.  It is usually a source for concern and stress.  It is also a time consuming activity to chase payment.  However, there is a possibility to outsource this painful task.  How do you choose for the appropriate assistance?  

An attorney at law

If you wish to go legal, you need an attorney.  Even if the law allows you in some cases to represent yourself, it is advisable to get an attorney’s help in any event.  If your claim is valid and substantiated by proof, you will get an executable title after a few months.  Sometimes the debtor will file an appeal. Otherwise, your money should be collected after some further efforts (like serving the judgement, etc.).  But in some instances, the debtor will be insolvent and the costs of the procedure will be paid by you, adding to the pain of losing the amount due to you.

Debt collectors work with attorneys at law when the debtor seem solvent and is of bad will.  TCM sends 0,6% (6 in 1000) claims to courts.

Bailiffs

You can also have a bailiff to address your debtor.  Bailiffs are – by law – in charge of the execution of judgements.  Bailiffs can also send demand letters to debtors.  Tests done on a large scale show that letters by attorneys, bailiffs and debt collectors have the same impact.  The wording has little impact (if clear and non-aggressive).  In fact, either the debtor is willing to pay and any third party letter sends the message that it is about time to do so or the debtor doesn’t want to pay and will not do so at such stage (most debtors know that a demand letter is just an invitation.  Attorneys and bailiffs need – by law – to specify on their letters that their demand is out of court and amicable).

A debt collector

The debt collector’s approach is essentially to inform, listen and suggest.  His communication reflects facts (“you have ordered, …”) and asks for explanation (“why did you not …”).  In this way, the debt collector identifies the reason for non-payment.  Having no money to pay is far from being the main reason for non-payment.  Once the reason for non-payment is clear, it is essential to know what the debtor proposes.  It is seldom efficient to impose own solutions on others.  Only after the debtor’s proposal, the debt collector will try to improve such solution if its seems unsatisfactory.

Communications by debt collectors include all means: letters, fax, email, sms, phone and even on site visits.  There are legal aspects for such communication.  The debt collector knows what is legally allowed or not, what is efficient or not in order to obtain amicable payment.

With the debt collector, you avoid useless costs (through the no cure no charge principle).  You also avoid costly and painful court actions where not needed (ie for the vast majority of the cases).  And the debtor spares money that he can pay to you instead of paying his own defence attorney.

Conclusion

Unpaid receivables are the first cause for bankruptcy.  When you are confronted with such plague, your best move is to require help from a professional to get your money back in.  They act independently and do know the legal and usages aspects of the game.  Debt collection staff knows how to address the problem of unpaid bills because they are trained for it and do accumulate experience on debt communication management.  They look for the best way to get your money paid in, preferably out of courts and at affordable costs.  It is essential to choose your debt collector well.

You wish more details on what we can do for you?  Check our website or contact us!

Don’t wait another second – collect your money

Focus on your business, we’ll take care of your outstanding payments. Contact us to find out more.

Don’t wait another second – collect your money

Focus on your business, we’ll take care of your outstanding payments. Contact us to find out more.