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How to Instruct Us
We simply require the following details:
Full name & address of the debtor
All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s)
Amount owed (Invoice(s) or Statement will help)
Or ask us to call you – just leave us your details:
debtEuropean Debt Collection Experts – No Win No Fee
A number of factors can delay this process but we will keep you informed every step of the way. The likelihood of recovering debt depends on a few factors. One factor is the debtor's ability to pay. Another factor is if there is a valid disagreement in the case. Our aim is to recover every debt that is recoverable.
Creditreform country offices and local partners are specialists in European debt recovery in their respective countries.
Having a local base to the debtor gives a "psychological advantage."
Language skills, knowledge of the way of thinking and laws in the respective country
Out-of-court procedures keep customers by balancing the interests of creditors and debtors.
Prevention of costs from unnecessary court proceedings
Legal actions have a predictable cost level because they rely on commission rather than an hourly rate.
Long-standing experience, reliable and professional European debt collection experts
Near to debtor – local collection experts
Near to client – for you, only one point of contact for all countries
European Debt Collection Processes
At Creditreform, we prioritise resolving European debt collections amicably through out-of-court settlements. Court hearings can be time-consuming and cost-intensive; and the actual outcome can often be disappointing.
Many people say that many country legal systems are inefficient and corrupt. These problems increase from north to south and from West to Eastern Europe. For that reason Creditreform European debt recovery services focus on amicable, out of court settlements. This makes the competence in the local market all the more important. Our experts in Europe reach out to people who owe money through email, mail, phone, or in person. They aim to find solutions that benefit all parties involved.
Our skilled European debt recovery experts will review the debtor's finances and promptly collect the money owed to you. They have experience in this field and will work efficiently to ensure you receive the funds. Trust our experts to handle the debt recovery process with care and speed. Research has proven that monthly instalments and amicable settlements are effective. For this to happen, personal communication with the debtors is essential.
Of course it is also possible to take legal action via Creditreform. We will figure out the costs first and get permission from the creditor before starting any legal actions.
Creditreform European Debt Collection Presence
Creditreform has 22 local European debt collection offices across Europe plus approved partners in all other countries. Creditreform is a top European debt collection company with over 100 years of experience and 4,500 specialised workers. They lead in European debt recovery.
Why Use Creditreform for European Debt Collection?
There are many unique requirements for the European Debt Recovery processes in all countries throughout Europe. These European debt collection services differ considerably from the UK debt collection agency services and therefore it is very important that cases are handled directly by our expert local European debt collection agencies and not from debt collectors UK. This method of European debt collection sets Creditreform aside from the competition who in many cases try and provide a European debt recovery service from a UK debt collector office only. Using the local European debt collection agency offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.
European Countries & Territories where we have a local Debt Collection Office or Partner
European Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe.
With access to our online databases you can obtain a European business credit report instantly. You can do this before trading to check if the company can fulfill their promise. You can also do this after the debt is late to make sure the debtor can pay what they owe.
If you have difficult clients, our European debt collection experts will prioritize collecting your money.
Please bear in mind that the sooner you let us handle your debts, the higher the chances for fast incoming payments.
Europe Debt Collection Agency FAQs
1. How does a Debt collection agency in Europe recover overdue debts?
The debt collection process begins with a letter sent to the person who owes you money. This letter informs them of the amount they owe and that we are now managing the situation. We follow up letters with emails and telephone calls. Based on our experience, the best part of this process is outsourcing debt collection to a European agency. This forces the debtor to address the debt and prevents them from avoiding responsibility or making weak excuses.
2. How long does the debt recovery agency in Europe take to process a case?
We will process the debt collection case immediately upon receipt and send a letter normally by email and post. You will receive an automated confirmation by return.
3. What is the success rate for debt collection agencies in Europe?
The likelihood of getting back money owed to you depends on a few things. One factor is whether the person who owes you money can afford to pay it back. Another factor is if there is a legitimate dispute in the situation. Our aim is to recover every debt that is recoverable.
4. Does the debt recovery agency in Europe operate a No Win No Fee debt collection?
We handle debt collection cases for free, only charging a commission on the money we recover.
5. Why use a local debt recovery agency Europe?
Using a debt collection agency in Europe is preferable to using one from another country. This is because agencies in Europe speak the local language, understand the laws, and work in the same time zone. This can make communication and coordination easier for both parties involved.
6. Are there any debts too old or too small for Europe debt collection?
We will review all debt cases, regardless of age or size. We will recommend the best ways to collect them by using a European debt collector.
7. How do I instruct the debt collectors in Europe?
Instructing the debt collectors Europe is a simple process. You send details of the debt, debtor, and amount to be recovered via email to start the case.
8. What evidence do I need to provide when instructing the Europe debt collector?
When instructing the debt collector in Europe just provide copies of invoices/statements, debtor contact details and any relevant information you may have to assist with the recovery process.
9. Who does the debtor pay?
Usually, debt collectors in Europe ask for payments to go to the client. If this isn't possible, they will collect the payment themselves. If we take payment, we will process and send cleared funds to the client immediately.
10. Can I instruct multiple cases?
You can send unlimited debt case instructions. Our systems will automate volume cases to meet your requirements.
11. Can you trace debtors in Europe?
Through our network of skip tracing agents we have an extremely high success rate of locating your absconded debtor.
12. How long does the debt collection process take?
On average the debt collections process takes 90 days to resolve an amicable debt recovery case. A number of factors can delay this process but we will keep you informed every step of the way.
13. What are my options if debt collection in Europe is not successful?
If the debt recovery service is not successful we will advise you of your options including legal actions. Please note that we will not take any legal actions or other processes without prior instruction from you.