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SmallClaimsFactory

Turn your financial waste into energy

Turn your financial waste into energy


A debt that is not collectible is worthless to the creditor. Practically this often means that small debts and debts that are considered to be too costly to be collected, are simply written off.

 

 
Most Financial Managers use standard techniques to determine whether or not a debt should be written off. They often analyse the collectability of the claim to determine if a write-off is required. When they decide that a debt - especially a small one - has been on the books for too long, generating a negative impact on the organisation's performance (typically the DSO, Days Sales Outstanding and the ADD, Average Days Delinquent), the decision is simply made : write-off.
 

Leads
When a large portion of accounts receivable is consistently written off, the DSO and ADD ratios may bounce back into the acceptable but the overall performance of the organisation will be inferior and the future becomes very gloomy indeed. And yes, our friends at the IRS don't like the practice either. However, being professionals in the collection industry, it frustrates when a debt remains uncollected.
 
With this in mind and knowing that most organisations don't have the time nor the expertise to go after smaller international debts, Collection Attorneys Europe offers a solution:  SmallClaimsFactory.eu
Through a new multilingual online web based system we are now capable of handling large volumes of small business debts in pre-litigation while still maintaining our famous hands-on approach, and do it at no cost to the client.
Small written-off or “would be” written-off claims for Europe will be handled on a contingency fee basis only. If we're not successful, there is no cost. Not even a start-up fee. NO COLLECTION / NO FEE
 
Small business claims from as little as 100.00 USD/EUR and up to 5 years overdue will be handled as follows:
- the claim is analysed
- we determine if the debtor is still in business
- one or more Collection Attorneys Europe dunning letter is sent by e-mail/fax
- professional collectors will contact the debtor when possible in his or her mother tongue
- if necessary, our native speaking collectors in the country of residence of the debtor will take over from us for an additional attempt to recover the small debts.
- even the possibility of successful litigation is examined if you choose to