Private and Business Debt Collection in Brazil
Debt Collection in Brazil
For many UK based businesses, it can often seem impossible to collect a debt from a client in Brazil. There are many factors that must be taken into account, such as the time difference, language barrier and local laws & customs.
Whilst this may be a challenge for businesses to resolve themselves, a professional debt collection service is often the best answer.
International debt recovery, such as debt collection in Brazil, is significantly more achievable for an expert. With in-depth knowledge, expertise and a proven history of success, debt collection agencies provide the most beneficial resolution.
Are you owed money from a client in Brazil? Have you supplied goods and services to someone in Brazil who has not paid? If so, Federal Management’s team of expert debt collectors can recover your funds.
Recovering Debt in Brazil – Trading Overseas
Brazil is one of the UK’s best trading partners. In 2020, there was $2.22 billion worth of exports sent from the UK to Brazil. Many of the goods traded included machinery, pharmaceutical, chemical and vehicle products.
With this high level of trade from several industry sectors, the potential for payment issues and debt will naturally rise.
Naturally, this can cause many problems for those businesses affected. As well as the frustration and stress caused, it can affect a company’s cash flow. Maintaining a steady income is critical to success.
Options for Resolving Debt Collection in Brazil
When the issue of debt collection in Brazil arises, many business owners are unsure how to proceed. In-house credit control teams often lack the enforcement options and expertise for recovering overseas debt.
Having expert knowledge of another country’s legal and cultural processes regarding debt recovery is crucial to success. For example, there is a limitation period on debt recovery in Brazil that can vary depending on the debt but is most often set at 5 years. As well as this, businesses in Brazil will usually operate on different payment terms to those in the UK.
There are many options for recovering a debt from overseas, but many can often be costly. This is in terms of both time and money. An example of this could be a debt recovery solicitor.
Whilst this is historically a common choice for many businesses, it can become expensive. In some cases, the debt may be written off entirely, as the cost of a collection can add up.
Instead, it is increasingly common and more beneficial to instruct a professional debt collection agency. An agency can deliver prompt, professional services at a low cost. This helps the maximum number of UK businesses with debt collection in Brazil.
Debt Collection in Brazil – Instructing Federal Management
Federal Management is widely accepted as the UK’s leading international debt collection agency. Since 2004, our experts have helped to recover countless debts worth millions of pounds from all over the world.
Our global network of trusted debt collection partners ensures that we are able to recover money from virtually anywhere in the world.
Are you having issues with debt collection in Brazil? If so, speak with one of our friendly debt recovery experts now.
Debt Collection in Brazil – Frequently Asked Questions
How can I collect a debt from someone in Brazil?
Whilst it may seem appealing to perform the debt recovery process in-house, international debt collection can be significantly more complicated. Without the required knowledge and expertise, recovering a debt from another country is quite challenging. Instead, it is more beneficial to source the services of a debt collection professional, such as Federal Management.
How long can I chase a debt in Brazil?
In Brazil, debt can be enforced for up to 5 years before it can not be chased anymore. This is slightly different from the UK’s limitation period, which is set at 6 years. However, in certain cases, exceptions are made to this rule. Speak to a debt collection expert now for more information.
What is the average success rate of debt collection in Brazil?
Federal Management has an average success rate of 90% on all undisputed business debts. We are widely accepted as the UK’s leading international debt collection agency. Our global network of trusted debt collection partners enables us to recover money from virtually anywhere in the world.
Can my business recover a debt from a client in Brazil?
Yes, by instructing an international debt collection agency, your business has the greatest chance of recovering owed money. Speak with one of our friendly debt collection experts now for more information.
How much does debt collection in Brazil cost?
As with many other service-based solutions, there are many factors that must be taken into account to define a cost. Every case is different and must be priced according to its own situation. For more information, speak with one of our friendly debt collection experts now.