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Debt collection process in Netherlands

Debt collection processDebt recovery in the Netherlands is not an easy task if your company is in a different country. Getting money that is owed is difficult because many debtors move around frequently, they may even cross national borders to avoid being found. That is when companies who are owed money should call the experts. Debt collections professionals know how to operate in many different countries. They make it their business to know the laws and work within them to recover debt. Experts have designed ways to ensure that money is paid back so why not hire them to get the job done?


Many consumers will default on their loans, they will get behind on payments, or they will just neglect the debt altogether. This habit could be detrimental to a lender. Debt recovery is an important job that requires time and attention. There are many steps involved in just making contact with debtors. This is a time-consuming effort that can take up an employee’s entire day. That is why companies should not allow their employees to take on this task. Hire the best debt recovery experts in the Netherlands to get the job done.


Debt recovery experts will do all the work that it takes to see debts paid back to the lender. They will make phone calls to the debtor, their family members and even their neighbors if they have to. Debt collectors send out hundreds of letters and emails in an effort to get the debtor to respond. Once the debtor responds, negotiations can begin. A debt recovery expert will get the debtor to commit to making monthly payments, or paying in full. This process could take weeks, months, or even years before a resolution is seen.


It Is not uncommon for consumers to default on their loans. These loans need to be paid back no matter what. That is why a lender would be making a wise choice in allowing debt recovery in the Netherlands to take over the process. If a debtor is to be found, collections experts are going to find them. Any company that is owed money should partner with debt recovery professionals so that they will see their money paid back.


When you hand over your claim, the debt recovery in Netherlands process normally starts with a summons. This summons offers the debtor a last chance to pay back his debt with interest and costs. A summons is also called a notification of default. The law firm AMS calculates the exact statutory interest owed or the statutory commercial interest, and the extrajudicial collection costs owed, which totally depends on the agreements between you and your customer,. Then again if the debtor fails to pay his debt, there are several other possibilities.


The costs of the debt collection shall be to the add on to the collection attorney when the claim, which includes collection costs and interest, has been paid after summons. If a ruling is issued, which include granting collection costs, these shall be to the debtors benefit and he will receive an invoice from the law firm for the time spent on the case. Also, the debt collection attorneys offer competitive prices for your collection proceedings. This depends on the type of case and the number of debt collections, several price agreements can be made. The starting point is always to keep the costs as low as possible and to recover as many costs as we possibly can from the debtor.

The Small Business and How to Handle Overdue Customer Accounts

Overdue Customer AccountsOwning your own business is a challenge. Getting the startup money, finding an office space, setting up bank accounts, and hiring employees are just the tip of the iceberg. The rest of the iceberg is the cost behind each and every one of these. If you have a business, you don’t just make money. You also have to spend money. Those bills have to be paid.


As if running a business and juggling all the ins and outs of just doing business, there is the added pressure of trying to keep up with all the expenses that come with running a business. So what do you do when customers have outstanding accounts? If you aren’t taking money in, it’s not very easy to make payroll or keep the lights on.


What recourse does a small business owner have in regard to overdue customer accounts? Despite a fleeting urge to have a mob heavy go in and break a leg or two, the business owner needs to keep in mind that there is a right way to collect the debt and a wrong way. The right way may just get you paid and the wrong way to put you in jail.


What is the right way? You could hire a Kenyan debt collection agency and then you are personally off the hook and the possibility of prison is gone. Seriously. A debt collection agency takes responsibility for getting the debt paid and many times, the customer will pay up more quickly realizing how serious you are and the risk their credit is in. However, there are steps you can take before hiring the job out.


First of all, make sure the error isn’t on your side of things. Mistakes happen. Make sure your invoice was correct, included all the pertinent information, got sent to the right place, and that your payment instructions are clear.


Talk to your customer. Email and phones are easily ignored, so a face-to-face conversation may serve you best if the option to meet exists. Remember that even if no mistakes were made on your end, that doesn’t mean your customer may not have made one. Maybe your invoice got stuck on the bottom of the pile. Maybe their computer crashed and the payment got lost. Or perhaps they are having some problems and honestly can’t afford to pay you. If cashflow is the problem, you can likely work out a payment schedule that will work for you both.


Here’s a few do-nots for dealing with customers that will keep you out of trouble.

Do not call at the crack of dawn or in the middle of the night. Normal business hours, please.

Do not try to add penalties or fees that weren’t discussed. And do not hold the payment to collect extra fees.

Do not tell anyone else about the debt. Not your family, not the preacher, not your customer’s boss. This is between you and the customer.

Do not lie to the customer about anything or pretend you have more authority or power than you do. Lying is a sure-fire way to end up in trouble.

Do not threaten the customer. Promising to sue them or have them thrown in jail for non-payment is just bad customer relations and sure to win you a reputation you don’t want.


If all else fails, do some research and hire that international collection agency in Kenya to take over. Running a business is stressful enough. Know when to bring in the big guns.