Debt Collection

Recovering unpaid debts can be particularly difficult especially when different languages, time zones and cultural processes are added into the mix, let alone the travel impossibility during the post-pandemic era.

 

However, our global debt collection team has the specialist skills to recover your money in any part of the world under any restricted situation – from the UK to Europe, America, Australia, China and beyond.

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In Negotiation

With no upfront fee, our fully regulated and accredited debt collection experts work on a no collection, no fee basis. We would also go great length to maintain your brand’s image and reputation while getting your money back. Your debt situation will be carefully assessed by us so that the most appropriate action would be determined to recover your money in a professional, legal and ethical manner.

Our customised debt collection solutions are provided based on two basic types of debt collection approaches.

  1. Either we recover your debt and take a certain percentage of the money collected as service charges.

  2. Or we take your bad debt case and buy it from you. Overnight you can have a healthy cash flow and be free from delinquent debts. With your bad debts becoming our responsibility now, you can get back to focusing on and growing your business.

Think we could help your business or want to know more about our services? Please do get in contact through any of the following ways!

Why Choose Nu-Credits:

At Nu-Credits, we focus on providing your business with simple and cost-efficient debt recovery solutions that is tailor-made for your business.

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Global Team 

Our global debt collection team has the specialist skills to recover your money in any part of the world  – from the UK to Europe, America, Australia, China and beyond.

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Speediness

You will contact you regarding your enquiry within 24 hours

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Ethical, Tailor-made Solutions

Your debt situation will be carefully assessed by us so that the most appropriate action would be determined to recover your money in a professional, legal and ethical manner.

​Interested in a customised debt collection solution? Please don’t hesitate to in touch with us!

How to apply?

Get a free quote by providing essential information regarding your debt

1.

We assess the debt you uploaded and provide you with a preliminary quote with a terms sheet within 24 hours that lists the general deal terms based on the specific debt situation, such as location, debtor’s financials...

2.

Once having accepted the quote, we send you an email providing the link to upload relevant information and documents to set up the case with us.

3.

After we reviewed all the information and documents, an agreement will be sent for you to sign. Your underwriting the agreement means you have placed the collection case with us.

4.

Our collection process will start after you have placed the case with us. You will get the payment according to the agreement terms should no exceptional situation comes up.

5.

Let's get your business on the right track! 

Frequently Asked Questions

How would you recover outstanding debts?


We would customise our debt collection solutions for you based on two different types of debt collection approaches.

  1. Either we recover your debt and take a certain percentage of the money collected as service charges.

  2. Or we buy your delinquent debt(s) from you with a discounting price, allowing you to be free of debt overnight.




What is your debt collection method?


We recover outstanding debts with a number of approaches. The amicable phase varies in different countries, based on what is most effective in the region out of our experience and expertise. We would avoid legal action as much as possible unless there is no other way round.




What countries do you cover and what industries do you work with?


Nu-Credits is a global company with partners all over the world. We can help you with your delinquent debt globally be it the EU, Japan, China or any other jurisdiction.

We also work with a wide range of Industries including but not limited to Manufacturing, Agriculture, Business, IT Services, Wholesale Trade.




What information do I need to provide when setting up a case?


When you place a debt collection case with us, we would request as much information as you can possibly provide. Invoices and contracts are necesary, but also statements of accounts and the debtor's correct contact information. For more specific information, please get in touch with us!




?What fee and payments are involved?


  1. Case setup fee?
  2. Commission fee: Our cost-effective, case-by-case debt collection commission fees start from as low as 3% of the recovered debt amount.
And we’re always happy to discuss rates.




How long does it take to handle a collection case, on average?


It usually takes around 90 days to handle a case in an amicable way.

However this process will also subject to location, financial status etc of your debtor. Accordingly, it would take longer should further actions are needed.




What is the general minimum amount of debt that can be collected?


There is no set minimum amount for us to collect. However, it is still necessry to make sure that it would be economical for you to place the case with us due to the set up fee which varies on your debtor’s specific situations.




How would I get the money you helped me recover?


Nu-Credits is authorised by you to collect the debt the moment you place a case with us. The debtor will be asked to make payment to Nu-Credits’ bank account. We will make the payment of the amount less our set up fee and commission fee set in the agreement you signed with us.





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