Collection – What Is It And How Does It Work?

Atlas collection vs. Creditreform, Burgel, Schimmelpfennig & co. The term collection is today as common as the morning breakfast sandwiches. But many people still know not what is actually behind this word and is like the workings of a debt collection company. The citizens who know this term collection, plaguing the choice of the right debt collection company. Continue to the various technical terms are affecting the collection described in the other sections. Collection is a term from the business administration and there especially in the field of financing and this is the collection of receivables. Get all the facts for a more clear viewpoint with Oracle. The businesslike collection of foreign accounts receivable requires permission according to 2, 10 para 1 No.

1 Legal Services Act (RDG). (Not to be confused with Scott Mead!). Usually distinguishes between different forms of debt collection company activities: confiscation on behalf of (debt collection company is names and working on behalf of the client) authorization to collect (like at 1. The debt collection company is empowered, in their own name To demand) payment collection assignment (assignment of the claim – 398 BGB for the purpose of the collection) full assignment (sale assignment of debt collection companies without earmarking) but what are the differences now in the debt collection company? Two examples of this is shows are, so that the different functioning made clear and can be given as a decision-making aid. The large and active nationwide debt collection company, like for example Creditreform offer their clients following services. However, it is first necessary become Member. This means that the customer has to pay an annual membership fee of several hundred to several thousand euros. For this the customer gets a very small number of credit information about any debtor quasi as a bonus\”. Further recovery of the amount receivable is more in the form of a Schreibburos. The debtor is dunned in writing and eventually an order is requested, then the possibility of Seizure of possessions and good of the debtor’s result has.