With every debt collection Germany case you have to be careful that you deal with the person politely and try to recover your funds. Even if every debtor is different they come up with different excuses. But business does not run along the lines of excuses. You have to take on action and get your funds back. Recovering commercial accounts can be a fuss and can affect your daily business dealings. So it is better to hire a debt collection Austria company who can help you deal with these kinds of people and recover your funds in a definite period of time.
Here is the list of different types of debtors who can give you excuses instead of the repayment of the loan and default on the payments. so you must be ready with answers to deal with such kinds of debtors.
- Out of picture
One of the debtors must have gone out of the picture and nearly invisible. you have tried to reach him out through emails, phone, letters but to no avail. When you are not able to contact your debtor, you must hire the European debt collection agency to trace the debtor. They are an expert in skip tracing and getting your funds back. You can use the superpower of your debt collection agent and get your payment of outstanding invoices.
2. Busy debtor
You will be flooded with the excuses of non-availability, business trips, lots of meetings. Your debtor is only looking for reasons to not get in touch with you. Every phone call that goes to his office or at his home only gives you a single answer that is not here at the moment and that he’ll be back in a day or week soon. We advise you to deal with this busy person and take action in one go. If you delay, the debtor will get a chance to get away. So you can get a third party person to contact your debtor, the most knowledgeable one being the debt collection agent in the USA. They get straight to your debtor to pay the amount in a legal way.
3. Bankrupt debtors
If you get in touch with the debtor and ask him to repay the loan. He might try to threaten you to file for bankruptcy and liquidate his company. This is the most common excuse that you can get from a debtor. But pushing this too hard can do more harm than good. You must handle this in a tactful way. Tell the debtor the consequences of legal matters.
4. Buying more time
Your debtor may give the excuse that he is not able to repay the loan and would buy more time for the repayment. You must ensure that he sticks to his promise. If he fails to meet the deadline that is set by him you may immediately outsource the debt to the agency.
5. Asking for documentation
It is the debtors business to stall you and create a loop to get out of the paying process. You must deal with tactics. Your debt collection agent can provide him with all the relevant documents and the letter of demand for the loan repayment.
