|The deadline of your formal notice has passed and you are still not paid by your customer despite several reminders by phone and by mail.
You have no other choice but to continue the recovery of your bills by other means.
If you have neither the human resources nor the time to handle a legal action against your debtor, and that you are not insured credit on your debt, you can transmit the case to a specialized company in the debt recovery (a collection agency) in order to manage the dispute with your customer and finally get the payment of your bills.
This solution has great advantages and some inconvenients.
Collection agencies process
|This solution is easy to implement and there are many specialized companies willing to sell you their services. The advantages are:
Therefore, your service provider will act as the cost of its action is cost effective compared to the expected gain.
In some cases, he doesn’t go far enough in his recovery or you will have to pay extra. The disadvantages are:
|Intrum Justicia. A leader of the recovery in Europe.|
|Coface. Coface is a credit insurer, which also offers other services including debt collection worldwide.|
|Collection agency services.net. Website which offer free quotations from collections agency in United States.|
Next: European Order to Pay
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