Chasing gone away payers is counter-productive for the lenders, more so in a foreign market. The longer a debt is overdue, the risk of not getting paid at all becomes greater. At First Collect, we have hands on collection methods.
South Woodford, London (PRWEB) March 20, 2014
First Collect International is now offering no file opening charges to creditors that have been looking to gain their lost debt from clients on a global level. Recommended by some of the world’s largest commercial credit insurance companies, major corporations and accountancy practices, the agency places no prepayment charges as well. Their debt collection services offer clients added value.
“Chasing gone away payers is counter-productive for the lenders, more so in a foreign market. The longer a debt is overdue, the risk of not getting paid at all becomes greater. At First Collect, we have hands on collection methods. We have a network of professionals in various countries who talk to the payers in their language and persuade them successfully to pay their debt. They understand local markets and legal requirements, which makes them capable of conducting successful operations,” commented a senior executive with the company.
Collection methods of First Collect International combine letters, emails, faxes, telephone calls and if appropriate, personal visits. Recognizing that every case of debt is different, they come up with a custom approach for it. Offering full litigation against any business and private individuals if required, they may use enforcement methods like attachment of earnings amongst others. All international debt collection cases are handled by an experienced local agent, who is well-versed with the local customs and legal procedures.
Executives at First Collect International insist on application of Directive 2000/35/EC of the European Parliament for late payment. As the executive added, “Enforcing the directive means the debtor has to pay a contribution to the collections costs and interest at 7 points above the ECB rate. Costs are taken from the debtors, which helps in covering the damages incurred by the clients due to late payment.”
As one of the UK's leading debt collection agencies, First Collect International has put no tabs on the number of accounts they would handle, unlike many of their competitors. They use an international tracing service to locate gone away debtors, offering specialist services such as sovereign debt recovery & purchase along with asset disposal & dispute resolution. They present one stop solutions for all requirements of the clients. Find more information about global debt collection and debt recovery services offered by them.
About the Company
First Collect International offers outstanding services in terms of professionalism, efficiency and reliability. Their credit control services, along with the support of their international collection teams, keeps businesses out of financial trouble. If a company requires collecting a debt from a company in France they can discuss it. Explore information on debt collection credit recovery Italy.
34-36 High Road,
London E18 2TX
Tel: +44 (0)20 8532 9637
Fax: +44 (0)20 8532 9638