Commercial Debt Collection
(Commercial Debt Collection is available in Hong Kong)
Limit your losses
Four good reasons to use coface's debt collection services:
- Tracking of debt collection status online
- ISO9001:2008 quality standard service
- Specialists in commercial claims
- Commission charges only on successful collections
COMMERCIAL DEBT COLLECTION
Debt collection is an important part of risk management. Coface provides debt collection services of domestic and international overdued commercial accounts.
This activity requires a high level of legal expertise and a talented global network. Coface has both of these essential factors through its own resources as well as those of its network in about 100 countries.
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Delivering a valuable solution…
A Hong Kong exporter of electrical equipment for the trade has to contend with non-payment by a Brazilian reseller. Unfamiliar with local rules and practices, the company’s legal advisors and chief financial officer are not sure which course to pursue.
The company calls on Coface, which has had an office in Brazil since 1998. The Coface team contacts the reseller. Given the latter’s difficulties, they reach an amicable agreement and come up with a solution consisting of a ten-month repayment plan.
At the end of this period and backed by a study commissioned with Coface, the Hong Kong exporter decides to continue the relationship with this reseller. Since then, the reseller has been a reliable partner.