Business debt recovery
Business debt recovery Business debt recovery classifies a commercial debt collection process provided by a DCA (Debt Collection Agency) or by an internal creditor’s department. The whole procedure is characterised with implementing various collection methods and strategies to recover debt amounts on behalf of the original lender. In the corporate debt recovery both creditor and consumer (debtor) are business organisations. Commercial collection agencies specialise mainly in recovery of delinquent or late payments.
Commercial debt recovery
Commercial debt recovery Commercial debt recovery represents the collection of delinquent amounts from a business (debtor) on behalf of another business (creditor). It is usually carried out by a third-party (a debt collection agency), not involved in the original contract between the first party (lender) and the second party (subject of debt). A commercial debt itself characterises a debt owed by a company. Business debt recovery provided by a DCA (Debt Collection Agency) is a preferred option by many creditors, as this collection is less time-consuming.