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info@fdrs-ltd.com

what we offer

PROFESSIONAL DEBT RECOVERY FROM 185 COUNTRIES WORLDWIDE

Our mission: We will help you to collect your outstanding commercial invoices (B2B) from debtors worldwide. By using our services you will only pay after successful collection! No collection = No fee (and no other charges) Our objective is to achieve the best result for our client as quickly as possible.

We have access to legal expertise in 185 countries worldwide where our local partners will help toresolve existing disputes and avoid court action. We collect the majority of debts without the needfor legal action. We specialize in the practices of international dispute resolution, debt re-structuring, debt collection/recovery and insolvency during the past 11 years. 

Got a customer that won't pay?

Is your international invoice collection causing you headaches?

International debt recovery

International debt recovery is the process of collecting delinquent accounts outside creditor’s country of residence.

Transfer your case online

It is often mistakenly thought that a collection can only start in your debtor's country

International expertise

We have in depth knowledge of local legislation, customs and culture of the debtors country. We ensure that the right person handles your case.

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No cure. No pay.

Work with us. Your claim is in good hands

Please download these two forms here and send the completed and signed forms as well as a copy of the related debt invoice(s) to: peter@fdrs-ltd.com - Within the same day we will confirm to you that collection activities have started and you will receive copies of communications with the debtor. There are 3 possible steps in the collection process:

1. Friendly approach

We try to collect in a friendly manner(amicable collection) by sending payment demand letters and making phone calls to the debtor informing them that legal action risk is pending. I many cases the debtor will settle the claim at this stage. The successful collection fee at this stage is 20% of the amount recovered.

2. Engaging lawyers

If the above friendly collection has no result, we will suggest to the client to involve our lawyers in the debtors’ country. In many cases this has a major impact on the debtors attitude and since we mention that legal action will follow, this often will result in a settlement or a proposal for a payment schedule. The successful collection fee at this stage is 35% of the amount recovered.

3. Court action

If all the above fails the client may choose to proceed with court action, for which a cost quotation can be supplied free of charge.

WORKING PROCESS!

Three Steps of recovery explaned

1. Amicable Debt Collection Process

• Amicable debt collection is the first stage, where we issue notices and demand letters to the debtor, follow up with calls and the debtor agrees payment reconciliation without involving any legal action. The demand letters process is as follows:
• Notification of debt assignment - Upon receipt of all correct materials, we will open a case and send a debt assignment notification to the debtor requesting payment of the outstanding by the prescribed due date.
• 1st Reminder – Notification of debt assignment – If the debt is not settled by the due date, we will send a reminder notification and the debtor is placed on our warning list that we email monthly to 70,000 Freight Forwarders worldwide, warning them of payment risk. Fees for such action are 20% after successful collection.
• Final Reminder – Notification of debt assignment – If following a further five days period the debt is not settled, we will send a final reminder and recommend to our client to pursue legal action against the debtor. Please see the next section for relevant details.

2. Pre-Court Local Legal Representation.(Pre-Court Action)

• If the above amicable collection process fails, we will recommend to our client to engage our local legal representation in the debtor‘s country for pre-court action. This means commencing legal action, without involving a court.
• Fees for such action are also on a no collection, no fee basis and are normally 35% (depending on country).
• We only proceed with such action with the express written approval of our client.

3.Court action

• If the above pre-court action fails, we may recommend court action.
• We will only recommend to our client to pursue court action if the debt is large and there is a reasonable prospect of winning such action.
• Any costs/fees associated with such action are quoted before commencement and are the responsibility of the client. FDRS does not pay said fees on behalf of the client.
• We do not proceed without the express written approval of our client. If the above pre-court action fails, we may recommend court action.
• We will only recommend to our client to pursue court action if the debt is large and there is a reasonable prospect of winning such action.
• Any costs/fees associated with such action are quoted before commencement and are the responsibility of the client. FDRS does not pay said fees on behalf of the client.
• We do not proceed without the express written approval of our client.

Worldwide

We Provide the Best Debt Recovery Service and Expertise

International expertise

International Debt Management

The FDRS company owners are involved in the collection of international commercial debts since 2009 and we aim to provide swift debt collection for companies with debtors abroad. Our system operates by using our network of legal partner offices in 185 countries worldwide (exceptions are warzones and failed states, e.g. Iraq and North Korea)

Our standard collection fee is 20% for debts up to 20,000 USD, whereas fees for larger amounts can be negotiated, this alsodepends of the age of each debt. You will only pay if we collect your money (no collection, no fee). We collect commercial debts only (B2B) and we accept any amount for collection. In case legal (court) action is required by the client, we can request a quotation from our lawyers in the debtor’s country and provide that to you free of charge and without any form of commitment to proceed. In many countries (e.g. USA) we can also offer court action on “contingency” basis, (no win, no fee).

Acceptance Criteria

  • We will accept any amount for debt collection, howerver for debts amounts below $1000 we have a fixed colletion fee of $200 up on successfull collection.
  • Copies of original invoices and if possible a current statement of account (SOA) shall be provided by the client.
  • Other documents related correspondence are also desirable.
  • All claims must be accompanied by a signed FDRS Collection Agency Agreement  and a FDRS Collection Account Assignment form [Download here]

    • • All cases submitted to FDRS are solely assigned to FDRS and are subject to the Conditions as outlined on our web site and as per the criteria detailed in the Collection Agency Agreement.
    • Along with the FDRS forms, FDRS assumes that your express permission is given for any supporting documentation you provide to be on-forwarded to the debtor.

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Acceptance Criteria

  • We will accept any amount for debt collection, howerver for debts amounts below $1000 we have a fixed colletion fee of $200 up on successfull collection.
  • Copies of original invoices and if possible a current statement of account (SOA) shall be provided by the client.
  • Other documents related correspondence are also desirable.
  • All claims must be accompanied by a signed FDRS Collection Agency Agreement  and a FDRS Collection Account Assignment form

    • • All cases submitted to FDRS are solely assigned to FDRS and are subject to the Conditions as outlined on our web site and as per the criteria detailed in the Collection Agency Agreement.
    • Along with the FDRS forms, FDRS assumes that your express permission is given for any supporting documentation you provide to be on-forwarded to the debtor.

Acceptance Criteria

  • We will accept any amount for debt collection, howerver for debts amounts below $1000 we have a fixed colletion fee of $200 up on successfull collection.
  • Copies of original invoices and if possible a current statement of account (SOA) shall be provided by the client.
  • Other documents related correspondence are also desirable.
  • All claims must be accompanied by a signed FDRS Collection Agency Agreement  and a FDRS Collection Account Assignment form

    • • All cases submitted to FDRS are solely assigned to FDRS and are subject to the Conditions as outlined on our web site and as per the criteria detailed in the Collection Agency Agreement.
    • Along with the FDRS forms, FDRS assumes that your express permission is given for any supporting documentation you provide to be on-forwarded to the debtor.

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Acceptance Criteria

  • We will accept any amount for debt collection, howerver for debts amounts below $1000 we have a fixed colletion fee of $200 up on successfull collection.
  • Copies of original invoices and if possible a current statement of account (SOA) shall be provided by the client.
  • Other documents related correspondence are also desirable.
  • All claims must be accompanied by a signed FDRS Collection Agency Agreement  and a FDRS Collection Account Assignment form

    • • All cases submitted to FDRS are solely assigned to FDRS and are subject to the Conditions as outlined on our web site and as per the criteria detailed in the Collection Agency Agreement.
    • Along with the FDRS forms, FDRS assumes that your express permission is given for any supporting documentation you provide to be on-forwarded to the debtor.

Acceptance Criteria

  • We will accept any amount for debt collection, howerver for debts amounts below $1000 we have a fixed colletion fee of $200 up on successfull collection.
  • Copies of original invoices and if possible a current statement of account (SOA) shall be provided by the client.
  • Other documents related correspondence are also desirable.
  • All claims must be accompanied by a signed FDRS Collection Agency Agreement  and a FDRS Collection Account Assignment form

    • • All cases submitted to FDRS are solely assigned to FDRS and are subject to the Conditions as outlined on our web site and as per the criteria detailed in the Collection Agency Agreement.
    • Along with the FDRS forms, FDRS assumes that your express permission is given for any supporting documentation you provide to be on-forwarded to the debtor.

image
image

Acceptance Criteria

  • We will accept any amount for debt collection, howerver for debts amounts below $1000 we have a fixed colletion fee of $200 up on successfull collection.
  • Copies of original invoices and if possible a current statement of account (SOA) shall be provided by the client.
  • Other documents related correspondence are also desirable.
  • All claims must be accompanied by a signed FDRS Collection Agency Agreement  and a FDRS Collection Account Assignment form

    • • All cases submitted to FDRS are solely assigned to FDRS and are subject to the Conditions as outlined on our web site and as per the criteria detailed in the Collection Agency Agreement.
    • Along with the FDRS forms, FDRS assumes that your express permission is given for any supporting documentation you provide to be on-forwarded to the debtor.