SMALL BUSINESS DEBT COLLECTION IN RUSSIA

Almost every entrepreneur asked himself: "How can I improve business services for my clients?" The first idea that comes to our mind is a convenient payment solution, especially so important in turbulent times. Crediting clients seems to be a very reasonable idea to force sales. However, you are not indemnified from regular situations where a customer will not or may not pay for any reason you may imagine. So, what should be done next?

A small organization has to have enough resources to invest in an expensive debt collection infrastructure, including a set of tools and procedures for collecting overdue payments. One option to save yourself from troubles and improve chances for full debt recovery is to hire a debt recovery agency. Be sure professional lawyers will help small and big international businesses with accelerating cash flow too.

Debt collection for a small business is a very complicated and quite expensive procedure for some cases. It takes a lot of time and workforce globally having in mind local expertise. Companies may try to make their life easier and concentrate your attention on the strategic and commercial purposes of your business by hiring professionals to manage your overdue receivables. Debt recovery agencies have the necessary set of skills, experience, and many tools allowing them to recover debts faster with better performance.

Usually after preliminary checks and "homework" to be done the debtor gets a proposal with several debt settlement plans at his/her discretion (for instance, reinstating an account or termination of a contract). It is worth mentioning that CIS DRS team of debt recovery lawyers use only languages and templates approved by a client and fully compliant with the local legislation. Therefore, the CIS debt recovery process in small businesses is based on convenient cooperation and negotiations between a defaulter and a debt recovery agency to save creditors position and reputation.

Small businesses need to reduce risk by maintaining a strong cash flow. CIS DRS undertakes all possible actions to decrease the negative consequences of such a stressful procedure. Our team follows the highest standards of customer service to make sure business relationships of our clients are upheld and debts are recovered on success fee basis.

CIS DRS undertakes negotiations under the laws, namely the Civil Code of the Russian Federation, Federal Laws of the Russian Federation: "On consumer credit'", "On the protection of the rights and legitimate interests of individuals during debt recovery procedure", "On microfinance activities and microfinance organizations" and other laws as a guarantee of legal activities.

The latest technology and proven techniques are used by CIS DRS. Therefore, it allows us to quickly identify a willingness and ability to pay debts and report all substantial progress for creditors.