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What does debt collection mean?
What does debt collection mean?

Debt collection process description

Updated over a week ago

Debt collection is the collection of due monetary claims.

If a buyer does not settle an outstanding payment over several weeks and after repeated requests for payment, the claim is handed over to a collection agency.

A debt collection procedure thus occurs, with all further communication regarding the payment and the payment itself now taking place between the buyer and the debt collection agency.

This procedure leads to additional costs.

We work together with the debt collection service provider coeo Group GmbH.

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