Debt collection
Outstanding debts are an annoyance for most companies: dealing with them is time-consuming and the risk of debt loss is high. Debt collection companies, credit agencies, lawyers or credit insurers can take care of this work, collect the outstanding money and liaise between the creditor and debtor. Foreign debt collection can be done via Germany or through an international partner. As a result, differing cost models apply.
Why us?
Finding the right debt collection company – especially abroad – isn’t easy. Through our international network, CREDEA, we have contacts across most countries worldwide and can help to look for the most appropriate partner. As with both domestic and international debt collection, it is essential to find a debt collection company that is a good fit to the particular case and understands the domestic market.
It isn’t always the case that the big firms make the best offer – our contacts can also reach out to smaller, regional debt collection companies who can often deal with the situation in a more personal and tailored way.
Our areas of expertise
Credit insurance
Optimise your risk management and secure your debts against payment defaults.
Purchase financing
With the help of purchase financing you can ensure you get early payment discounts and rebates without being constrained by deadlines.
Trade financing
Through trade financing you can secure liquidity for trade and protect yourself against economic and political risks.
Inventory financing
Using inventory financing you can convert your tied up capital in inventory into additional liquidity.
Forfaiting
As with factoring, you sell your account receivables through forfaiting. Thereby profiting from additional liquidity and protecting you from bad debt.
Reverse factoring
Longer credit periods for the buyer, faster liquidity for the suppliers – with reverse factoring both profit.
Factoring
With factoring you can convert your account receivables into direct liquidity and create financial freedom for your company. Additionally, you are protecting yourself against bad debt.
Leasing
Through leasing, capital goods – from production machinery through to IT systems – are not purchased but instead can be used over time. As there are no purchasing costs, leasing protects the liquidity.
Credit lines
As your business grows so does your financing requirement. We can help you to get additional credit lines from banks.
Debt collection
Not all invoices are paid within the due date – in these situations debt collection companies can help you with the dunning process right through to legal foreclosure.
Credit referencing
Trust is good but knowing in advance is better: avoid payment defaults and get credit references and credit worthiness reports about your business partner.
Capital goods credit insurance
Using capital goods credit insurance, safeguard production risks as well as lengthy credit periods.
Guarantee and surety insurance
With guarantee and surety insurance, the insurer undertakes warranties, guarantees and similar sureties in order to fulfil your liabilities.
Top-up cover
Additional Top-up cover helps to avoid shortfalls in credit insurance policies.
Single Buyer
Single-buyer credit insurance protects you against the default risk of individual buyers.
Multi-Buyer
The multi-buyer policy is a special type of credit insurance which allows you to insure a selected group of clients.
Preferential payment insurance
Protect yourself with retrospective coverage against insolvency disputes.
Fidelity insurance
A lot of business transactions are based on trust. Insure your company against abuse of this trust from personnel or fraudulent internet crime.