The Benefits of Using An International Debt Collection Agency

Share this post!

The Benefits of Using An International Debt Collection Agency

Are you finding yourself having to deal with problem clients or customers who are not paying you for work you have carried out or a service you have provided? Are your debtors based internationally?

It may be difficult to know which option to take when it comes to getting money back into your account from problem debtors, and we have had many clients mistakenly perceive this as “mission impossible”.

This is due to the list of potential hindrances that may make collecting an overseas debt difficult, such as time differences, language barriers and country laws/regulations.

When a customer or client shows no payment forthcoming, this can be an extremely stressful situation to be placed in and even more-so when this is on an international scale.

Being in a situation where you are owed money can dramatically affect the cash flow of the organisation, which is problematic in the current economic climate we are faced with.

As well as this, there is a false perception in regards to International Debt Collection that states it is more expensive to collect than it is worth. However, we can assure you this is NOT the case.

It is important to remember that taking the WRONG steps when it comes to getting your money back can lead to many unforeseen consequences, which are often even worse than leaving the debt.

There are various options available when it comes to International Debt Collection that is still commonly used, including traditional methods such as solicitors or trying to recover the money independently.

Using methods such as these are notoriously very expensive and there is usually a lack of communication and positive result.

When trying to recover an international debt independently, this can also have disadvantages such as wasted time and resources that could be better spent on carrying out value-based tasks, such as growing your business.

Instructing a professional and trusted International Debt Collection Agency to recover money that is owed to you is the best course of action, and it is vital that you know why.

Our team of expert debt recovery agents have put together a list of The Benefits of Using An International Debt Collection Agency to recover your overseas debts.

What Are The Benefits Of Using An International Debt Collection Agency?

The ONLY way you should be collecting any money from an international debtor is through the services of a highly-efficient, cost-effective and professional International Debt Collection Agency.

Here are some of the benefits to using a collection agency, as opposed to using Solicitors or collecting a debt independently:

Allows You To Grow Your Organisation And Maintain Cashflow

One of the most important benefits of using an International Debt Collection Agency is that it allows you to continue to focus on the growth and sustainability of your business. 

If you were to pass all relevant information of the debt in question over to the experts, this will allow you to carry out value-based tasks such as taking on more work.

You will be able to do this all whilst knowing your debt is being recovered by the best experts available.

Maintaining, sustaining and growing your cash flow is one of the most important attributes when it comes to owning a business and is especially vital when you are a private individual working for themselves.

It Is Their Job To Collect International Debts

International Debt Collection Agencies specialise in collecting money overseas and overcoming the various barriers that present themselves during this. 

Trying to recover a debt independently would arguably take up twice as much time as you would have. This extra time would most likely be used to research how to actually implement the process of recovering money overseas. 

All collectors are experts in the various laws and regulations that take place across the globe and have experienced every possible scenario when it comes to language barriers and time differences.

The expert team at Federal Management International have the resources to deal with all situations in a professional, pragmatic and diligent manner.

Why waste your time trying to do something for the first time, when you could get the experts to do it in a fast, cost-effective and hassle-free way?

Industry-High Recovery Rates and Low Commission Rates

At Federal Management International, our recovery rates are among the highest in the industry and speed in which we can recover debts is extremely quick.

If you are owed money by someone, it is only normal to want the money back as soon as possible, so a high recovery rate is without a doubt one of the biggest benefits of using an International Debt Collection Agency.

Not only do we operate extremely high recovery rates but we also offer a low-commission rate solution. This means that when we are recovering your money that you will only pay a fraction of the price of using traditional methods such as Solicitors.

Agencies Ensure Customer Relationships Stay Intact

When using the services of an International Debt Collection Agency, one of the main priorities is that relationships between our client and their debtor are not jeopardised as to ensure the continuation of the business.

Future working opportunities are especially important for self-employed or freelance professionals, and maintaining and growing the business should be second-to-none.

How To Get Your International Debt Recovered – Federal Management

Now you know the benefits of using a trusted Debt Collection Agency to recover money owed to you internationally, it is now time to get in contact with ourselves.

We are the UK’s leading specialists when it comes to collecting overseas debts and we endeavour to be the market leader across the globe.

Along with the many benefits mentioned in this article, here are a few extra:

• Pragmatic, professional & discreet
• Transparent Fixed Fee service with no hidden costs
• Prestige market sector expertise
• International Field Agent network
• Internal Legal Team for mediation
• Online Account management
• Members of the CSA, ACA & FENCA

To speak to a member of our experienced and trusted international debt collections team, call us on 01695 554 550 or email info@fm-international.co.uk