Questions and answers

Under what conditions will you collect my debt?

The debt must be definitely verifiable. By an order, contract, invoice, bill of exchange, notarial record or court decision. Based on presented documents (copies sent by e-mail are sufficient) we will present you with a specific offer and we will propose the next steps towards the debtor.

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Will you buy my receivable from me?

Firstly, we have to thoroughly learn all available information and review the documents you present us with respect to the receivable. After reviewing the documents we will propose a purchase price and possibly the best method for the receivable's collection.

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What is the difference between the purchase of a receivable and agency collection of a receivable?

We primarily purchase secured receivables. The purchase prices of unsecured receivables are very low and therefore, in the vast majority, it is recommended to submit the receivable to an agency administration and we will take care of the matter for you. Our methods are efficient and thus it is usually worth waiting for a while before you sell your receivable.

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How much do you charge for your services?

The price for our services amounts to 15-30% from the actually collected sum. No money is paid in advance.

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How do you collect the receivables - is it a court collection or out-of-court collection? What measures do you use to collect the debt?

If we get the receivable under our administration, we decide how to collect it.

For out-of-court collection we use the method of telephone collection, written requests and subsequently we take advantage of the network of our collection associates who find the debtor and visit him personally.

For court collection, the phone and written collection is followed by filing an action under which our client is represented by our attorney. Then a proposal for distrainment is filed and the entire distrainment process is professionally supervised by our associates.

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What if the debtor does not possess the full due amount?

In such a case we try to agree on a payment schedule and supervise its observation, or receive additional security for the debt by having the debtor sign an agreement on debt acknowledgement and a bill of exchange.

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What is your efficiency rate?

The efficiency rate is different as the debtors are different. However, we believe the proven methods enable us to get the maximum possible from the debtors.

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What is the maximum and minimum amount of the debt?

There is no maximum or minimum amount of debt.

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Would you buy a debt under distrainment procedure?

We are not interested in debts under distrainment procedure?

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Would you buy a debt owned by a debtor under bankruptcy proceedings?

We are also not interested in debts under bankruptcy proceedings.