Do you have trouble with defaulters? Do you tinker with the idea of going to a collection agency or are you generally in two minds about working with a collection institute or to a lawyer’s office?
First of all it is a widespread fallacy that a lawyer is more expensive than a collection agency! The cost structure is difficult to compare because lawyers generally don’t take incentive payment. In case of success the lawyer will transmit the payment request in full, including default interest and extrajudicial dunning costs without percentage to the client.
Furthermore, if the client agrees, we waive an advance payment and interim billing for legal fees, including court costs and information costs, until our work lead to a temporary completion. Thereby our client’s accountancy only needs to deal with posting different entries and value-added tax at the end of the collection case. This saves money and time.
During current processing we do not fear competition:
On demand we get into contact with the defaulter (in written form via the phone) even before the dunning procedure has started or contemporaneous to the judicial dunning procedure. This way we might achieve a voluntary, cost-effective and faster payment. After individual contacting we offer defaulters the possibility to avoid an affirmation in lieu of an oath. Instead we offer a private disclosure which allows a fast access to payment requests (rent deposit, retirement pay, life insurance, and so on) and articles of value (car, not needed capital equipment).
THE EARLY BIRD CATCHES THE WORM
High speed is very important in a debtee’s footrace. Our lawyer’s office has the technical equipment that is needed, experiences out of specialization as well as 500 – 1000 collection cases each year.
The same day the mandate comes in we can search online for insolvencies and inspect the commercial register and the registration register. Statistics state that not even 10 % of the lawyers have access to these registers. Charges (for the claims court for instance) are debited by using debit entries and messages are sent by email to avoid delays.
IF IT IS CONTESTED, WE ENFORCE YOUR CLAIM
As soon as the defaulter signals us his objection to the payment request we can immediately check if this objection is legitimate or not. Together with our client we can figure out whether it possibly is just a misunderstanding between the client and the defaulter.
We provide steady cost control by constantly checking the prospects of success of legal procedure and measures of execution. If there are new perceptions about the right of the claim or the worsening of the debtor relation our client gets informed immediately, so that he/ she can decide over cost-effectiveness of further steps. You can find bad examples of frustrated clients who complain about companies who push claims according to the book without looking at the individual case in online discussion boards. We distance ourselves from such proceedings.
If the defaulter’s objection is not legitimate, our lawyers’ office’s dimension and its specialization presents a big advantage. Even if we have to fight for your claims we have route to achieve a successful ending for you.
We are your one-stop-shop.
If we cannot collect your payment request, despite a dunning procedure and compulsory enforcement, we check if there is a legitimate possibility to disclaim from an appropriate part of our claim. A reduced invoice is only possible if we didn’t collect the payment request. The German association of collection companies (BDIU) advertises with a realization share of 50 %, as you can see on the internet. We do not think that this number is a good advertisement. On demand we send you a checked realization share of collections from our clients.