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Commercial Debt Collections

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One of the key problems facing all businesses is collections - getting paid can be especially problematic for small businesses that depend on consistent cash flow. The ultimate redress for collecting a bad business debt is the court system which is often slow, inefficient and expensive.

Effic Business Services help you collect your commercial debt in an efficient way which will avoid costly delays and help improve your cash flow. Our Account Managers have an in depth know-how and ability to collect business debts maintaining a delicate balance between recovering money from our clients debtor while still trying to maintain good relationships between both parties.

No matter what type of commercial debts, we will always focus on the debtor quickly and work hard until you are paid what is owed to you. We make all attempts to recover your business debt before making a decision to go legal.

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With Effic's commercial debt collection services, you can be rest assured that we will:

Our strategy

We determine our collection strategy based on the treatment plans and management rules that we have previously set together with our client.

Effic's third party global collections include these processes:

In-house collections

At Effic, we believe that recoveries should be handled by our own people, who are trained and supervised by us.

Legal partners

When an in-house collection does not provide the necessary results on its own, a representative from the collection team will contact our partner law firm whose jurisdiction covers a certain debtor's situation. We will carefully analyze the possible partners that will be able to give us the necessary results for concluding a collection. When we hire an affiliate attorney to take care of an account, that person will be asked to recover the debt in a friendly fashion, without taking any sort of legal actions.

Litigation

In a scenario where neither an in-house collection nor friendly attorney actions provide the necessary results, a litigation process is started. Without the necessary results from the first two steps, a lawsuit is considered in order to accomplish a collection. An attorney will evaluate the case and recommend a course of action and provide the required fee and court costs. This cost information is then passed on to our client for close consideration, as no law suit will be filled until the client has approved of it.
Work with our competent, professional team closely in order to improve your recovery rates. Visit our "contact" page, so that you can talk to someone about all the details if you still have any questions about our debt collection services.

Get in touch with our professionals and recover your debts in a hassle free manner.