It is regular practice when a company is faced with problems when counterparties do not pay for goods or services. Usually, such unscrupulous counterparties delay the debt payment referring to various problems with local markets. But you may have to wait for weeks, months or even ages to receive money.
It happens that a company cannot independently manage the tone of unpaid bills. There may be many reasons, for example, the absence of a legal department, a large number of such cases, or the other party simply does not take such requirements seriously. In such cases, it is certainly better and more effective to involve an outside collection agency. The debtor will understand that now the issue of debt has gone beyond the scope of one company of the creditor. Now, this issue is dealt with by a professional in the field of distressed assets, namely the third-party debt collection agency.
The first step in every debt collection process in Austria
at all is the amicable way. As our practice shows, most of the problem cases are resolved successfully already at this stage. Our lawyers are adept at negotiating and can convince the debtor to fulfill their payment obligations without resorting to court proceedings. Thus, the involvement of an external debt collection agency will not only help solve the problem faster and more efficiently but also save money on lengthy litigation.