Debt collection has been around since ancient times. In old civilizations, if citizens owed debt to one another, they would often pay it back in the form of slavery or hard labor. This debt would be carried from generation to generation and pass along to the whole family.
Nowadays, many people just have unpaid bills or fines that puts them in debt. The person who owes the debt is called the debtor. The debtor may owe this money for many reasons including sudden health changes, loss of job, dispute or misunderstanding of fees owed, or even dishonesty. The money that the debtor owes needs to be collected by debt collector or debt collection agencies. Debt collectors are responsible for collecting unpaid accounts and bills from another person or company. Often times it is difficult to get in contact with the resident for various reasons. This can be because of lack of communication or the fact that they live in another country.
In the United States of America, there are rules against calling debtors at certain times of days or making a call that costs the debtor any toll charges. They are not allowed to make threats or impersonate a legal authority figure in order to manipulate the debtor.
International debt collections can be trickier and calls for special processes. Since every country has a different legal system, an international debt collector must be familiar with it. Debt collection in Germany is different than debt collection in the United States of America. In addition, knowing the other country’s language is a requirement in order to do the job correctly. A good debt collection company will have trained lawyers and employees who know different languages to assist in the debt collection overseas.
Having experienced debt collectors provides assurance that the money owed will be retrieved in a safe, efficient, and legal manner. The debt recovery agent must be great with communication. Debt collection in Germany can even be done simply in writing, as long as the debt collectors are clear with the debtors. This is helpful because it serves as a record for every exchange that takes place.
Someone who owes debt may do research regarding their rights. This does not have to be a bad thing for debt collectors, as long as the communication is clear and nobody is trying to attempt illegal activities. Sometimes, debt is sold to a third party debt collector and they will begin to contact the debtor asking for money. This can bring confusion and concern to the debtor. An informed debtor will be an honest communicator, and could send a letter to the debt collection company in order to find out more information. When both the debt collection agency and the debtor are working together, the more efficient the solution to the problem will be. A good debt collector will value listening and communication in order to get the best results from the debtor.
Versions of debt collection agencies have been around since ancient times, but the way in which we approach debtors is now very different. Even if the debtor is in another country, it is possible to have help from debt collection agencies that specialize in international collection. There are many roads to successfully collecting the money owed, and with a good team and extreme preparation and patience, a debtor in another country is not a lost cause. Reaching a debtor overseas is not a deal breaker and can be done with trained lawyers and language professionals in a legal and safe way.
If you are interested in debt collection in Germany, the author of this article recommends First Collect.