OUTSOURCING DEBT COLLECTION IN BULGARIA

Companies may not have a direct way to effectively represent their interests in Bulgaria. Despite this, having a permanent legal representative in the buyer's country is not always the right decision. Firstly, the financial costs of an in-house legal department will always be high. Secondly, payment for the work of lawyers will be charged regardless of the circumstances in the absence of problematic counterparties or disputes. Thirdly, a multidisciplinary in-house lawyer will not be able to conduct high-quality negotiations, unlike the team of negotiators of the outsource debt collection agency. They focus on negotiations in many spheres and are ready to share experience.

There is a reliable alternative to all mentioned prior. The solution may be an external debt collection agency, which upon your request will resolve disputes with your counterparty and effectively manage a large portfolio of cases. You won't need to pay a monthly salary, rent an office, or fund additional expenses. Moreover, in the cases of pretrial negotiations, you have to pay for the work of the 3rd party debt collector only if the debtor made payment directly to your bank account.

Submitting the portfolio of receivables to an outsource company has a number of additional benefits. For example, an outside collection agency that has an office in your debtor's country will be able to negotiate more efficiently and be more likely to convince the debtor to pay. Knowledge of the debtor's language and understanding of economic and cultural characteristics also contribute to the result.

In addition, the physical presence in the country of the debtor means that the company will be able to contact the debtor at the phone number, make site-visits and conduct the most effective information searches on the debtor in local databases. Most likely, the lawyers of such a company are personally acquainted with the owners of companies that hold leading positions in their industry in the country where your debtor is located. In this way, personal acquaintances with the debtor’s competitors will facilitate establishing effective negotiations with those responsible for the payment.

Let us give you some advice. Don't hesitate! Enjoy all the preferences of outsourcing debt collection! Fill out the return form on our website, send all available details of your dispute and counterparty. Our team will analyze all the details and send their vision of the dispute resolution together with a commercial proposal in order to let you know how we can help.

Remember that you will always be aware of every step that we have taken towards resolving the dispute and returning funds to your bank account. An established system of regular reports will not leave questions and doubts about the fact that we are doing everything possible and impossible to return your money ASAP!

Please submit your debt collection request by filling out the form below.