Business Debt Collection & Recovery

As a debtor insurance policyholder, we are offering business debt collection & bad debt recovery solutions to collect payments at anytime you don’t get paid!

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What is business debt collection?

Nearly 80% of exporters encounter overdue payments. Delayed payments are an inescapable reality in the business world. The longer the wait, the higher the risk of ultimately failing to recover the owed amount.

Unpaid invoices can significantly impact your business by hindering cash flow, decreasing inventory turnover, damaging credit ratings, and potentially harming your company’s reputation. The longer debts remain unresolved, the more challenging it becomes to collect them.

Late payments are an inevitable aspect of conducting business. Implementing an effective bad debt collection strategy to facilitate the timely recovery of outstanding invoices is crucial for any organization. The primary objective is to identify resources that can alleviate the challenges associated with managing and collecting overdue payments, while also expediting the resolution of these unpaid invoices.

Collaborating with a firm that focuses on the mitigation of bad debt risks and collection, such as WLC Insurance, represents a crucial initial measure in the recovery of commercial debts. Furthermore, as we include debt collection services within our trade credit insurance solutions, we are positioned to assist you in preventing additional bad debts from arising in the future.

Our Debt Recovery Solutions

As our debtor insurance policyholder, we are delighted to offer our business debt collection and recovery solutions exclusively at anytime you don’t get paid. Our business debt collection and recovery team works in any market, in any time zone, conduct negotiations in various languages, and deal with the intricacies of any local legal system.

Legal Debt Collection & Recovery

At WLC Insurance, we view a court order as a final measure rather than an initial approach. If our pre-legal efforts do not yield the desired results, we are prepared to initiate legal proceedings on your behalf.

In the event that legal action is required, we can connect you with attorneys who are experts in the trading laws pertinent to the specific country in question. They will engage in a comprehensive discussion regarding your case, particularly focusing on the potential costs and timeframes associated with any legal actions you may contemplate.

Insured Debt Collection & Recovery

The integration of commerce credit insurance and business debt collection streamlines and accelerates the associated processes. By utilizing this comprehensive debtor insurance service, Our Insurance manages all administrative responsibilities related to the collection of corporate debts.

Our Insurance stands as the global frontrunner in the field of credit insurance, specializing in commerce credit insurance. We provide a range of expert solutions, including accounts receivable insurance, business debt collection, protection against bad debts, surety bonds and guarantees, trade credit management, cash flow management, excess of loss (XOL) coverage, debtor insurance, and assistance with collecting overdue payments, late payments, and unpaid invoices. Our mission is to support customers worldwide in mitigating trade risks, making informed trade decisions, and fostering the secure growth of their businesses.

Why work with us?

DEDICATION

70,000+
Clients worldwide

INSIGHTS

83 Million
Businesses monitored in 160 countries

ASSURANCE

AA Rating
by Standard & Poor's

WORLDWIDE

We have more than 700 professionals specialising in business commercial debt collections across the globe. They possess the expertise necessary to recover your funds while safeguarding your vital trading relationships.

SPECIALIZED

We distinguish ourselves from numerous agencies by refraining from consumer collections. Our primary focus is on recovering overdue payments from businesses. This specialisation allows us to leverage our extensive expertise and unparalleled experience in this area.

SOLIDITY

Our financial strength gives you security for a long term partnership. We’re a Global Company with Subsidiaries, and have a Standard & Poor’s financial rating of AA.

Let's Get In Touch Today!

Call us: +6531052465

Email Us: Info@Welcapinsurance.com

The capacity to listen, educate, and foster trust are essential elements that facilitate effective communication with customers who are late in their payments. Debt collectors emphasize their role in assisting clients to identify solutions. They clarify the supplier’s position regarding the outstanding invoice that has been assigned to them for collection, making it clear that they do not aim to serve as a financial institution for their customers. Clients tend to comprehend these explanations. As a neutral entity in the eyes of the customer, debt collectors can swiftly identify the root cause of the payment issue and work towards a resolution that is acceptable to both parties, thereby aiding in the recovery of unpaid invoices and debts. In cases where the delay in payment stems from a dispute regarding the order, they gather detailed accounts of the alleged deficiencies from the customer, along with the aspects that are not in dispute, to relay this information back to the supplier. If the issue is related to cash flow, they may propose a restructuring of the payment terms to manageable amounts.