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Articles

Collecting Debt from Foreign Countries

  In 2018, the need for foreign debt collection is greater than ever before with the continued development of the European Business Community and ever increasing importing and exporting. There is a greater level of transparency across the globe in respect of validating a potential customer or client and this has made for even more purposeful […]

International Debt Collection

International Debt Collection Agency Boundaries and borders no longer exist in the Business world today with companies frequently doing some form of international trade resulting in a greater need for International Debt Collection services. Since the Brexit vote alone, there has been a reported increase in the number of European Commercial debts requiring recovery. For […]

Collection of Dubai Debt in the UK

  Dubai Debt Collection in the UK We are often approached by firms in Dubai for the collection of debt from individuals that have fled back to the UK leaving behind unpaid debts in the UAE. Some may say it is quite understandable why people would return to the UK without clearing debts owed in […]

Businesses More Likely to use Debt Collection Agencies for International Debts

The latest “Global Collections Review” survey undertaken by leading credit management specialist Atradius Collections, assessed the current commercial debt collection trends and practices with more than 1,700 companies in nine European countries. This second study, builds on the findings from the initial research released in January 2010, focusing on the use of debt collections services […]

Firm Owner Summoned Over Debt Collection

A BUSINESSMAN is to be subpoenaed to appear before the High Court next week after a judge was told gardaí had received information that a “well-known criminal family” had engaged a Limerick person “known to the gardaí” for debt recovery reasons from another businessman. Mr Justice Brian McGovern yesterday directed a subpoena could be served […]

Huge Increase in Receiverships From Banks

As Irish banks look to debt recovery methods, the number of companies that passed into receivership more than doubled in 2009. In a recent release of figures by the InsolvencyJournal.ie it was revealed that there was an increase of 118% in the amount of receiverships and the total number of insolvencies increased by a whopping […]

Brighter Outlook for Outsourced Debt Collection

A recent survey has revealed that businesses around the world have an increased likelihood of outsourcing their debt collection requirements in the aftermath of the recent financial crisis. The figures, recently released as results from the Global Collections Review which surveyed over 3500 companies across four continents, revealed that when it came down to international […]

Collection Industry Braces For CARD Act Challenges

The US debt collection industry is wired as the implementation of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act moves closer. Many debt collectors are expecting large changes as of Feb. 22, when many provisions of the Act take effect, with the primary focus now on adapting to what is soon to be a new […]

Debt Collectors Hunt Dubai Defaulters Abroad

Across the UAE, lenders are hiring international debt collection agencies to hunt down customers who owe them money as they attempt to recoup huge losses incurred when thousands of expats skipped the country without clearing their debts, Emirates Business reported on Tuesday. In one example cited by the UAE daily Dubai-based mortgage lender Tamweel has hired […]

New Jersey Assembly Consider Debt Collection Bill

For the second time in less than a year, the New Jersey Assembly will consider legislation concerning the debt collection bill. It is being argued that revising the Fair Debt Collections Act would help eliminate harassing, intimidating and abusive debt collection practices and it would also give those being chased a way to dispute and […]