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What to do if You're Owed Money By a Debtor in France

So many British companies nowadays are dealing with customers or clients overseas, especially in France, after all, the country is our nearest neighbour. It’s just a short hop across the channel and the opening of the Channel Tunnel in 1994 provided us with a quick link to mainland Europe, first stop France. Easier access coupled with the wonders of the internet has led to many businesses widening their horizons (and their customer base) and reaching out to a European audience in a way that was just not possible thirty years ago. The increase in opportunity has been welcomed by businesses on both sides of the channel and international trading is the way forward for companies looking to expand and grow.

While there’s been a huge increase in opportunity, this doesn’t come without its problems. Different countries have different legal systems and finding our way around can be confusing and a little overwhelming, especially when it comes to money. Here in the UK, we still use sterling as our currency, opting not to adopt the Euro as have so many of the other member states of the European Union. This means that UK companies trading in mainland Europe need to keep a close eye on currency exchange rates in order to make sure that they still turn a profit.

Even more difficult is the fact that when customers or clients don’t pay their bills, it often seems like recovering the debt will be an uphill struggle with little likelihood of success. Some UK companies that are owed money from customers in France don’t know where to start when it comes to recovering their losses. This is where the services of an international collection agency can help – they will have the knowledge and experience necessary to go to work on your behalf to provide you with a debt collection solution in France.

The most common way of collecting a debt in France is to engage the services of a French debt collection agency. That’s likely to lead to misunderstandings due to the language differences which will only bring you more worries and stress. Opting to use the services of a debt collection agency that specialises in international debt recovery service based here in the UK means that you’re more likely to understand what’s going on at each stage of the process. There should be no communication problems and your advisor will be able to talk you through what you need to do, the likelihood of the debt being finally settled and offer expert advice on all of the legal subtleties that may seem overwhelming.

An international collection agency will have dealt with cases like yours in the past and will be able to take on the job of recovering your monies using their expertise and experience to provide the best possible outcome for you and your business. When searching for an international debt recovery service, pay particular attention to those who offer a no win, no fee service. In this manner, you’re not putting any more of your hard earned money at risk because if they don’t manage to recover the monies owed to you, you don’t have to pay.