Avoid bad deals with bankruptcy riders

Collectia helps, as one of the largest debt collection companies in Denmark, thousands of companies with debt collection, bad payers and not least, we share good advice for companies to optimize their finances.

In this article, we focus on bankruptcies - which over the last 10 years have developed with a worrying trend.

Bankruptcies among Danish companies have historically always moved up and down a lot - and there have always been many factors that have played a role in bankruptcies in Denmark; seasonal businesses, financial crises and much more.

Credit rating customers and avoiding customer bankruptcy

There is no clear answer to the significantly higher level of bankruptcies - and there are many reasons for this. One thing is certain, bankruptcy is often associated with losses - both for the owner of the business, but especially for its creditors, who often lose all or part of their outstanding debts. Therefore, it can be difficult to give a definite answer on how to protect your customers from bankruptcy - but one thing is certain, you can do a lot - and it starts with credit rating.

If you choose to credit score your customers, you get a deeper insight into your customers' financial situation, their latest key figures, a recommendation for credit duration, credit size and much more.

Bankruptcy analysis directly in Qatchr

In Qatchr, you as a user get direct access to an automated bankruptcy analysis that reveals whether you are dealing or about to deal with a company that has a history of bankruptcies. The analysis shows whether the company has direct or indirect bankruptcies behind it. A unique feature that will make your next credit decision data-driven and thus much easier.

Collectia recommends Qatchr

As many may know, we here at Collectia have our own credit rating service, Qatchr. An intuitive credit rating platform that can be used by all companies - regardless of size. Qatchr can credit assess both private individuals and companies - and is developed on the basis of our more than 150 years of experience with debt collection and bad payers.

Try Qatchr for free and without obligation today

At Collectia, our recommendation for Qatchr is so strong that we think you should give it a try - it's free and completely non-binding.

Instead of telling you about the many benefits of Qatchr and how Qatchr can help your company ensure profitable collaboration in the future, try it for yourself!

Qatchr offers a free and non-binding demo - try it today!