We are going to discuss ‘Why debt collection is important in Turkey?’. Your Turkish customer can delay a payment to your company. So this situation generates a shortage in your cash flow. Because it is an international customer, it gets more complicated. So you may not know exactly what to do. Also you try to contact with the Turkish debtor by phone. But its generates additional and unexpected costs for you. You may hire additional personnel to focus on this issue. But this also means extra costs for your company. You may ask yourself one of these 4W + 1H questions:
- ‘How long I should wait for my Turkish customer to make a payment?’
- ‘When will my Turkish client pay the outstanding invoices?’
- ‘What I can do to collect my debts from a Turkish company?’
- ‘Why does my client in Turkey not answer my calls and return my emails?
- ‘Where can I go if my Turkish customer keeps delaying the payments?’
You might feel lost. And think that nobody can assist you. Also a Turkish lawyer also would ask high legal fees and attorney costs. Because this reason debt collection is important in Turkey.
No, you are not alone. Also there is an ‘alternative’ solution for you. In other words you can collect your outstanding debts. For this you can take service via a Turkish collection agency. ARS Consultancy is the only debt collection agency in Turkey. It is specialized in ‘international cases only’. Since 2011, we have been helping our foreign clients. So they can manage their receivables in all 81 cities of Turkey. You can also benefit from our risk-free services. This service help you about debt recovery in Turkey.
Take No Risks with No Recovery No Fee Model
We do understand and value our clients when they decide to avoid upfront fees. Plus, we have confidence in our abilities. Also we aim to reach an amicable settlement. And we manage debt recovery before legal action. For both reasons, we offer our debt collection services. Even these services depend on a contingency basis. In other words, no recovery no fee.You have the convenience of paying our debt collection service fee. First of all, after collecting money from your Turkish customers, you pay our service fee. We take our comission from the recovered amount. Because of these reason debt collection is important in Turkey for you.
For example, let’s assume your Turkish clients owes you 30.000 USD and we agreed with you to work with %20 commission. If the debtor pays 10.000 USD (i.e. as a first installment) to your bank account, then we, as your local collection agency in Turkey, will ask only %20 from that recovered amount and our service fee will be 2.000 USD. Of course, we are much eager than you to collect the highest amount in the shortest time span. But you will not face with any extra or surprise fees if there is no debt recovery.
In sum, debt collection is necessary for your business to continue working normally without affecting your cash flow and without incurring in additional costs.
Time Management: The Main Advantage in Debt Collection
The main advantage of debt collection is that it an be done at the pre-Legal stage. And this is perhaps the most important feature that not everyone can realize. At pre-legal stage both sides enter in a negotiation process. So they do not take the process to court. With the involvement of a 3rd party, it is easy to solve the problems.Both sides pay extra attention to support their claims with evidences. ARS Consultancy is a debt collection agency in turkey.
Exploring the real reasons of non-payment of a Turkish debtor and explaining the whole picture to our client facilitates our success. These are among the most important tasks a debt collection experts. Thus there are no information asymmetries and the negotiation turns out to be absolutely transparent. What we do is basically solve the collection problem in your business life with the method of reconciliation and mediation. Based on our years of experience within this field, we proffesionally represent our clients in from of the Turkish debtors and we guide our clients about the best way to proceed.
KWC: Know Your Client, So Decide Better and Wisely
Another characteristic of debt collection experts is their hight research capabilities. As a creditor, you may not always have complete or reliable information about your Turkish client. When we are assigned with a debt collection case, we make an in-depth investigation about the Turkish debtors or indiviudals prior to our dunning process.
The operation team of ARS Consultancy is also trained to grub around the debtor so we become aware of the profile of the Turkish debtors. We both check all the supporting documents in detail and also use our resources to investigate the contact details of a Turkish company or a Turkish individual who is the debtor in a single debt collection case.
How to Place a New Debt Collection Case?
The process is simpler than you can imagine. It all starts with just one email to in**@ar************.com or phone call to +90 212 296 9147. A member from our debt collection team contacts you and guides you how to place a claim at our office. We will also inform you about the procedure and the fastest way to start. Everything is sorted out in a friendly and professional manner. So do not hesitate to contact the best Debt Collection Agency in Turkey, ARS Consultancy.
Alberto DELGADO
International Debt Collection and Risk Management Exp. Asst. | ARS Consultancy