"We had used GB Group's credit control services for the UK part of our business for a while and given the great service provided, we took the decision to also try their French collection service with our French business. We are happy to say that we've been provided with the same excellent results we've become accustomed to and have now outsourced our entire French ledger to them. I am more than happy to recommend the professionalism and responsiveness their French collection team provides."
EUROPEAN FINANCIAL CONTROLLER
Debt Collection in France
The GB Collection Group operates an easy to use service for international companies to collect on unpaid invoices and debts that are owed by France-based debtors. Over the past 6 years we've fined tuned our France debt collection process to fill an apparent and ever-increasing problem for our clients with France-based customers. Most of the time, irrespective of geographical location, a company can collect a debt from a company in France with few problems. However, in our experience, when problems do occur, trying to collect a business debt from a French company can be close to impossible a company that doesn't employ French speakers who are familiar with French commercial law.
Our results driven service has proved to be an eeffective tool for successfully collecting debts in France.
The Problem While there are obvious differences between France and the rest of the world, the path to successful debt recovery from a France-based company isn't all that dissimilar to that of one from a British company. However, in our experience, there are 3 key areas where creditors fall short in collecting debts in France:
In order to address these problems areas of collecting debts in France (location, experience and fluency),
The GB Collection Group has established a professional presence in France. We have a highly qualified team of French collection specialists with not only an excellent track record in successful debt collection from French companies operating across a wide range of industries, but who also have considerable experience in shepherding cases through the French court system. This service is backed by a French law firm on retainer.
Need to collect a debt in France? Problem solved.
We have seen firsthand the increase in the ratio of successful France-based debt collection between a domestic French collection agency compared to one outside of French jurisdiction. In the last quarter of 2011 our French debt collectors recorded an 89% collection rate, a figure we’re justifiably proud of.
In uncontested cases, whether pre-litigation or litigation, our French debt collection service operates a strict No Collect/No Charge pricing policy, thereby removing the downside potential for our clients. If we don’t collect your debt, we don’t get paid. It’s a simple as that.
Professional and Ethical
All of The GB Group’s French debt collectors abide by our ethical and professional approach to collecting. Always courteous but firm, we strive to not negatively impact any goodwill remaining between creditor and debtor, and it’s not uncommon for business relationships between the parties to begin anew once the case has been brought to a conclusion.
An indication of our fee level:
We price on a case by case basis with French debtors but have provided an indication below
This is a No Collect / No Charge service
Our fees range from between 10% - 20% of monies collected from France based debts.
Our Agents prefer to initially hand deliver the initial demand and there is a fee to them of 95€ for the process and serve fee. This does have a big impact on collection success.
Legal Action on non disputed cases
The current court fee is 87.45€
Our fee is then 20% - 25% of the monies collected after legal action on French based debts.
Minimum fee is £150 on any collected debt after legal action
Legal action on disputed cases
Our lawyers charge an hourly rate for disputed cases involving French debts.
We really try and avoid the legal system but have a superb record of collection when we have had to use the French Courts.
The GB Collection Group’s French debt collection service is:
• Experienced • Professional • Knowledgeable • Fluent • Ethical • Results driven • Risk-free We’ve successfully recovered debts in France from companies operating in the following sectors: • Tourism & Travel • Automotive • Pharmaceutical • Utilities • Leisure • Banking (yes, banking!)
If your company currently has a debt in France that you’re finding hard to collect pr long overdue, contact us +44 (0) 1234 218 618 for a confidential, no obligation chat, or email us at firstname.lastname@example.org