Bad debts are amounts owed by a customer that cannot be collected due to the customer's insolvency or bankruptcy. The debt will be written off only when all options for collecting the amount due have been exhausted, such as: B. Offering the customer a payment discount or filing legal proceedings.
For businesses, hiring a debt management agency to collect bad and delinquent debts is more practical than confronting the debtor directly because debt collectors have the tools and resources to collect the debt.

What can a B2B debt management service do?
Debt management agencies can provide a wide range of services, including debt management and collection, legal debt settlement, cross-border debt management services, credit risk advisory, business consulting and risk management. They work with companies to develop a debt collection plan that is appropriate for their circumstances.
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