International Debt Collection Agency
Finding a cost-effective international debt collection agency or global debt collector is no easy task for you. Decent agencies are few and far between and can cost you a fortune. However, before you go searching for an agent who offers debt collection internationally, there are 2 basic steps to consider first.
- Is your debt collectable?
- Is your debtor itinerant?
If the debt would be difficult to collect in your own country, its difficulty becomes exponentially more challenging when you are in different jurisdictions. Language, communication, and law are not as you may expect. Collecting a debt internationally is frustrating to say the least.
Global debt collectors might advertise their speciality, but the good ones are few and far between
Should your debtor move to new countries regularly (maybe every couple of years) you immediately have to start from the beginning. All the time and money you have spent does not cross international borders.
Google a Debt Collection Agency
If you google International debt collection agency you will receive 194,000 hits. Are you really going to make a great choice? What you need is to narrow down your search. Simply add [near me] or [your city] to the end of your search. This will ensure that you have an agent somewhere near you.
Alterbativel you can try allinurl: International Debt Collection Agency or allinurl: International Debt Collection Agency. This will narrow the results to 222 or 801 respectively. This gives an indication that the search results will actually show you someone who can act as an international debt collector.
There are probably very few truly worthwhile companies involved in international debt collection. You ought to find one before making any deals with people and companies outside your own jurisdiction.
International Debt Collection Agency 24/7
A Resolute Collection website is going to work for you 24/7. In addition to that it is the only international debt collection agency that operates without borders. Your internet debt solution has no jurisdiction. As a global debt collector, we have no equivalent competitor.
Our fees are transparent and simple to understand. Some companies require you to have a degree to understand their fee structure.
We are proud to be Intense | Different | Determined. The sooner you start the quicker you achieve a worthwhile result.
No Win No Fee
You will find few offers of no win no fee. There are no free lunches in debt collection. Ensure that you know exactly what is paid up front and how much commission comes out of your pocket.
No fee generally applies to their FEE. There will be charges for other elements of the collection process. Each company has a different charge structure. READ CAREFULLY
Global Debt Collector
If your choice of agent is a global debt collector make sure they are indeed global. If your debtor is an absconder, he is likely to move from one jurisdiction to another. You do not want to be looking for a new agent every time the debtor moves.
Many who profess to be global debt collectors are no more than agents. Once you have engaged them, they will fob it off to another agent in the country the debtors are in. what it means to you is another level of fees and commissions.
International Debt Collection Horror
This is a story from a symposium we attended. It was a while ago, but it delivers a clear message about engaging with the correct global debt collector.
A USA company had a need for international debt collection agent. Their USA agent outsourced some of the debt to a Nigerian company. To their utter amazement the amount being collected was much greater than what other agents were collecting. When they sent auditors, they were gobsmacked by what they found.
The debt collecting agency were threatening and actually abducting family members of the debtor until they paid. Beware of who you engage with.
Comments and Ideas
If you have any comments or experiences regarding an international debt collection agency or a global debt collector; we would love to share your views.