Collection solution

The term debt collection solution basically covers all the facets of a debt collection product that a debt collection company or a debt collection lawyer can provide.

Many debt collection companies and debt collection lawyers today offer a "full-service debt collection solution" where the entire debt collection process is included - and maybe even the pre-collection phases as well.

Therefore, you may find that several debt collection companies offer services such as sending invoices(invoice service), follow-up, sending reminders(reminder service), sending debt collection notices, extrajudicial debt collection and judicial debt collection with the help of the bailiff.

The word debt collection solution is thus a synonym for debt collection product and debt collection service - and you will often come across these words in connection with debt collection.

No two debt collection solutions are alike

We often get the question: "Which debt collection solution should we choose?" - And let's be honest: No two lawyers or collection agencies have the same debt collection solutions, and no two do debt collection in exactly the same way.

Debt collection solutions vary from lawyer to lawyer and from supplier to supplier.

Some companies offer a short and intensive collection process with few reminders, few calls and few fees, while others offer longer collection processes that also include legal collection.

Often, lawyers and debt collection companies will offer different debt collection solutions for different clients - or different solutions for different cases.

With the right data, you know that different cases require different debt collection solutions. Some cases should be short and intensive, while others should be handled over a longer period of time.

Other cases may need a short out-of-court process, but should quickly escalate to judicial debt collection.

We recommend that you talk to your lawyer or debt collection company about how your cases should be handled - because if you have a lot of cases, they may not be handled the same way.

Full-service debt collection solution

Today, more debt collection companies and lawyers offer a so-called "full-service debt collection solution", which is why you will often come across this term - both with lawyers and debt collection companies.

The term full-service debt collection solution means that your debt collection provider can offer a full debt collection product - and maybe even more.

A modern debt collection solution can typically include: reminder service, calls, letters, physical visits to the debtor, installment plans, legal collection and much more.