CIS DRS

OUTSOURCING DEBT COLLECTION IN GERMANY

The use of outsourcing channels is one step in the correct way to digitize the debt collection industry in Europe and particularly in Germany. The results of this new debt collection approach are visible: debtors get in contact with the debt collection businesses quickly and, on average, clear their debt within a few weeks. For sure, CIS DRS provides you with a resolution for your receivables management, from an amicable collection to a lawsuit filing. Experienced and well-prepared staff conduct negotiations to collect the payment on behalf of the customer company.

Digital debt collection – impacts of a data-driven revolution in Germany

Everyone may face the situation when you forgot to pay money for the service. As a result, you receive an email with the reminder to cover a bill from the third-party debt collection agency. It happens when the company exhausted its own possibilities to collect the debt. In this regard, businesses need the help of an outside assistant. However, it has various benefits to manage the debt collection by the external debt collection agency.

Advantages of the service in Germany

Marienplatz, Munich, Germany
The digitization of collection methods mainly increases the percentage of successfully closed cases. Outsource debt collection is a widely common practice when you can contribute to personnel and time savings, as well as enable individual service programs.

The third-party debt collector offers complete services in credit recovery to clients, from the amicable to the legal stage, and complete support from the start to the successful solution. Of course, such a process is clear, simple, and is without any financial charges (legal advice, informational research, managing negotiation with the debtor, meetings, calls on phone numbers, e-mails, visits). And very often the collectors follow the simple principle, "No win, no fee".

Why CIS DRS?

As soon as you choose CIS DRS office you will get excellent client service because this is our value. In this regard, you will be assigned a personal manager who will monitor, update and advise you on your portfolio of claims throughout the whole collection activity.

Furthermore, we constantly stay in touch with you, answer all your questions, keep you fully informed of our progress, and ensure the optimum outcome for your business.

For sure, each case is individual and requires a unique way of problem-solving.

We are here to assist you with all of your needs whenever you want. Send us an email or fill in the form below to discuss your case and requirements. We will provide you with one of the most competitive offers on the market!
AT A GLANCE
Serving Clients in GERMANY for more than two decades
Debt Collection
  • analysis of trade documents in default
  • credit check of the debtor's company
  • strategy for peaceful settlement
  • drafting official demand letters
  • phone negotiations with debtor
  • personal negotiations with debtor
  • drafting restructuring plan
  • control of installment payment
Debt Management
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation
  • legal review of trade documents
  • translation of the documents
  • drafting a Power of Attorney
  • making a strategy of litigation
  • drafting and filing law-suit
  • application for assets seizure
  • participation in court hearings
  • obtaining judgment for client
Arbitration
  • legal review of arbitration clause
  • translation of necessary documents
  • drafting a Power of Attorney
  • making a strategy for arbitration
  • drafting and filing law-suit with IAC
  • application for assets seizure
  • participation in arbitration hearings
  • obtaining arbitral award for client
Enforcement
  • analysis of judgment or arbitral award
  • making a strategy of enforcement
  • drafting application for enforcement to local court
  • participation in court's hearings
  • obtaining writ of enforcement
  • filing the writ to Bailiff's Service
  • control of execution work
Bankruptcy
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery
DEBT RECOVERY IN GERMANY
No Recovery-No Fee.
CLAIM PROCESSING
  • Verifying Debtor's Address
  • Checking Debtors' Status in Database
  • Brief Report to Client
  • Case Strategy Design
  • Confirmation Receipt
  • Claims Automation System
  • Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!

Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN EUROPE:

TEL: +44-203-582-1943
EMAIL: europe@cisdrs.com

1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM

We work Monday to Friday, 9 AM - 6 PM (GMT)
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