Business debt collection
Business debt collection Business debt collection refers to commercial recovery of delinquent payments, where both the creditor and the debtor are business organisations. Commercial debt collection is performed by specialised debt collection agencies (DCAs), providing debt recovery either on local or international level. Business debt recovery is more complicated process than the consumer debt recovery, as the B2B (“business-to-business”) collection is connected with larger loans, which can reach millions per each business debtor.
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.