Amicable recovery: what procedure should be followed?

Amicable recovery is one of the methods used by a company to obtain from their debtors the payment of contracted debts. It is also advisable to avoid complications with legal proceedings as much as possible, which not only generates more expenses on expenses and travel, but also a significant waste of time.

What procedure should be followed then for an amicable recovery respecting the regulations in force?

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When should the steps for an amicable recovery be initiated?

Typically, when a customer incurs a debt, a mutually agreed upon maturity date is added to the contract. In principle then, the creditor can begin to claim payment of the debts once this due date has passed. In an amicable collection, the creditor reminds the debtor, so as to remind him that he must repay his debts as soon as possible.

Several means are available to pass this reminder which must be carried out as frequently as possible. Indeed, the more frequent the reminder is and carried out as soon as possible, as soon as the debt is due, the more likely you are to recover your funds fairly quickly, without going through costly procedures. But what are these different means that can be used for an amicable recovery?

What are the means implemented to carry out an amicable collection?

Debts resulting from a sale, unpaid invoice, unpaid rent or unreimbursed loan between individuals… these are all types of debts on which amicable collection can prove effective in recovering debts more easily. In this approach, moreover, the creditor can adopt his own means or call on a company specializing in debt collection.

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A commercial follow-up would then be an excellent way to get in touch with the debtor to remind him that he has debts to repay. Indeed, if a debt is not repaid on time, it does not always mean that it is a dishonest customer. It may happen that he forgot or that an input error could have slipped and designated the debt as unpaid when it has already been repaid.

In order to then maintain a certain commercial relationship with the client, it is necessary to take the time to wait for his return before starting the rest of the procedure. Aside from the dunning letter, the company concerned can also make a simple phone call or come to the creditor’s home for an in-person visit.

What are the advantages of using the services of a collection agency?

If the company has the necessary means to perform debt collection, so much the better! Otherwise, it is always possible to use the services of a collection agency. A private organization, it can take charge of all the tasks necessary to obtain the payment of the debts of the debtors of your company. The service may also have a certain cost for the company, but in this way, the creditor will be able to concentrate more on his core business.

In addition, a collection agency also has a better understanding of the procedure and the various legal elements essential for debt collection. For a company, moreover, the longer the payment is delayed, the more its cash flow may be affected.

This is one reason why hiring a collection company turns out to be a much better alternative, especially since it is committed above all to the performance of its actions, as well as to its collaboration with experts in the collection sector.

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