Leading Debt Recovery In The Netherlands
Leading Debt Recovery In The Netherlands
In the modern world, it has become even easier for companies to do business overseas.
In particular, the Netherlands is part of the top 5 countries that UK organisations work with.
The United Kingdom exports to the Netherlands in 2020 were estimated to be $25.2 billion.
With the amount of overseas business that occurs annually, this has presented a larger chance for debts to occur.
Whilst it is not uncommon for invoices to go unpaid in daily business life, this is an issue that needs tackling.
Many businesses will have a dedicated credit control team that prevents late payments from occurring.
Sadly, overseas debtors can sometimes slip through the cracks and end up affecting your cash flow.
Debt recovery may be a challenge for business owners in the United Kingdom at the best of times.
When overseas clients start to leave goods or services unpaid, this can present a more difficult task.
If your business requires debt collection in the Netherlands, you need to act quickly.
Federal Management provides the leading debt collection process for international debts.
Across our long history, a large part of the overseas debts we have collected has come from the Netherlands.
To get the debtor to pay, you need an expert and effective solution – this is where we can help.
How To Enforce Debt Collection in the Netherlands
It is no secret that preventative measures can be put in place to deter any late payments.
These could include implementing payment terms, contracts, adding interest and costs to any overdue fees etc.
However, when a debtor simply refuses to pay for overseas goods and services, you need a solution.
The most effective way to resolve the need for debt collection in the Netherlands is to use a professional debt collector.
This method of recovery is recommended over trying to recover this by yourself or by taking legal action.
One such agency is Federal Management, which focuses on commercial and international debt recovery.
Specialist debt collection agencies are always recommended to more generic recovery methods.
This is due to the expertise and training they possess which is needed to recover overseas debts.
Federal Management guarantees that costs can be recovered, thanks to its specialist service.
There is a large list of benefits to using us to collect debts in the Netherlands for you and your business.
Benefits of Debt Collection in the Netherlands
One of the main benefits of using an international debt collector is that it allows you to focus on your business.
Instead of wasting time recovering this by yourself, you can focus on tasks that help the longevity of your company.
Doing this allows you to stabilise your cash flow which may have been previously affected by the debt.
Secondly, the collection costs of an extrajudicial collections agency are significantly lower than over options.
For example, we do not operate a service that works off hidden fee or price drip strategies.
An affordable debt collection in the Netherlands service is one of, if not, the most important aspects.
Federal Management has in-depth knowledge of the various factors that must be considered when undertaking debt collection in the Netherlands.
Language barriers, time differences and laws and regulations can all play an important part in the success of the recovery.
Laws Related to Debt Collection in the Netherlands
Just like in the United Kingdom, various laws and regulations apply to recovering debts overseas.
In the Netherlands, there are regulations that you must abide by that are specific to the country.
For example, rules in the UK related to ‘Statute Barred’ debts differ from the ones in the Netherlands.
A UK debt can be recovered within six years whilst in the Netherlands, this is five years.
Further to this, if you have a court order this increases the time limit up to 20 years.
There are exceptions to this, depending on the circumstances of the debt in question.
The specific laws in each country demonstrate how important it is to have a professional solution by your side.
Expert Debt Collection in the Netherlands
Taking into account the barriers one must face when recovering overseas debt, choosing an agency is by far the best option.
Federal Management is well known in the UK for being the leading commercial debt collection agency.
There are many reasons why you should choose us to recover your debts, such as:
- We provide industry-high recovery rates of up to 90% on average.
- Our international debt recovery service is low-cost and affordable.
- We have a global network of collectors with expertise in every country.
- Our specialists have specific country laws and regulations knowledge.
Our international debt collection service is unrivalled within the industry.
Do you require debt collection in the Netherlands? Do not hesitate to contact our team of experts today.
This is a positive first step to getting back the money that is owed to your business.