We collect B2B debts for 15 000
companies worldwide.
Is it possible to recover debts for free? We explore the options and weigh them against the professional services offered by Atradius Collections.
In an ideal world, every transaction would conclude with timely payment. But in reality, businesses often need help with timely payments.
Free debt recovery can seem like a lifeline, especially for small businesses with tight margins. But is “free” truly free, or does it come with hidden costs? The allure of free debt recovery is strong, but it’s essential to understand what this entails and the potential risks involved.
Self-collection efforts, using a Letter Before Action template, or taking the matter to a county court are common routes that businesses might consider. While initially appearing cost-effective, these methods can consume significant time and resources. They may involve legal proceedings, which, without specialist knowledge, can become a minefield of complexity. Moreover, these methods often need more finesse and expertise than a professional debt recovery service can provide, potentially damaging valuable business relationships.
The term ‘free’ can be deceptive. The time spent chasing a debt is time not spent growing your business. The stress of pursuing a debt can strain valuable business relationships and even result in legal errors that have costly consequences.
Moreover, costs can quickly spiral out of control without a fixed fee structure. Legal costs, especially in the event of a county court judgment, can escalate, and the ‘free’ approach suddenly becomes a financial burden.
Enter Atradius Collections, a global leader in commercial debt collection. With a team of in-house lawyers and partners, Atradius provides professional advice, expected outcomes, and access to a global network of debt recovery solicitors. Unlike ‘free’ methods, Atradius offers a streamlined, efficient debt recovery process that respects your time and business relationships.
Atradius specializes in amicable and legal collections, navigating the intricate landscape of debt collection laws and regulations in 96% of the world’s countries. Their collections process is designed to recover your debts while respecting the laws and regulations of each jurisdiction. Their amicable, swift, and effective process offers a 14-day debt recovery window.
With Atradius, you’re not just hiring a debt collection agency; you’re partnering with a team that understands the nuances of international law, credit control, and consumer credit regulations. They ensure that all legal proceedings are handled with utmost professionalism, minimizing your risk and maximizing your chances of recovering your debts.
The actual cost becomes apparent when you factor in the time, stress, and potential legal risks associated with ‘free’ debt recovery methods. Investing in a professional service like Atradius is not an expense; it’s a strategic move to protect your company’s financial health. With their fixed fee structure and transparent approach, you know exactly what to expect.
The risks of not acting or choosing an ineffective method are high. Atradius offers a path to peace of mind, ensuring that experts handle your outstanding debts allowing you to focus on what you do best: running your successful business.
For a professional, effective, and empathetic approach to securing your business’s financial future, contact Atradius Collections today. Our credit managers are here to help you with debt recovery.
Our credit managers are available to assist you in recovering your debts. They will guide the entire process, starting from the initial letter and ending with a final resolution. They aim to help you recover outstanding debts and maintain the financial stability of your business.
Start recovering your debts while maintaining positive business connections. Connect with Atradius Collections for a smooth and effective debt collection journey.
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As debt collection specialists, we’ve heard most of the excuses businesses make when they fail to pay a bill. We know how to respond to this and how to exert the right level of pressure to maximise revenue collection.
We work hard to help you retain those trusted relationships that you have built up with your customers and our amicable recovery process has led to positive results for many businesses.
Our professional team is there to support you through any debt collection challenges in the most cost-effective way possible.
We work closely with you to seek the quickest and most appropriate solution for you, so that you maintain confidence in your business operations.
Our automated domestic and cross-border accounting processes enable the prompt payment of multi-currency collected monies into your accounts.
Whether a domestic or international debtor, we’re able to resolve most outstanding debt issues in their own language and in keeping with local laws and practices.
We operate integrated collections network in the industry with the support of our worldwide IT infrastructure. With access to our online portal, you may monitor your account at any time and place convenient to you.
Have your accounts receivable managed the way you want, in your name. Your ledger and customers are in good hands with our 90+ years of experience in global credit management. We create an accounts receivable strategy that tackles your challenges most effectively. Whether you need support with a high number of invoices or with customers in different countries, we can build a solution that gets results.