Simple & Powerful
1. Account Placement
Your accounts are logged into our property automated collections programs whereby an acknowledgment is sent to you the client and a dun notice is sent to the debtor.
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Full Service Amicable & Legal Debt Collection Services. Fast.
Debt Collection Agency Barcelona
Debt Collection Agency Madrid
Debt Collection Agency Solutions for Every Need
Collecting a debt in Spain can be a very difficult and slow process for foreign companies when faced with the complexities of the country's laws and regulations. However, with the help of an experienced Spanish debt collection agency, you can efficiently collect your debts regardless of their size or origin.
Our agency is based in Madrid and Barcelona, providing strategic access to all five main cities in Spain: Madrid, Barcelona, Valencia, Seville and Bilbao. These cities are all home to thriving economies that have seen significant growth over recent years. Each city is renowned for having established industries such as tourism in Madrid and automotive production in Barcelona.
Our Agency specialises in utilising both amicable and legal techniques to recover debts through fast solutions and multilingual support. Our flexible services allows you to easily manage any type of debt with 24/7/365 online access. Together we will ensure that your debts are collected as quickly as possible while maintaining compliance with local laws and regulations.
Understanding the Benefits & Challenges of Debt Collection in Spain
Collecting a debt in Spain can be complex, due to the country's distinct laws and regulations. However, if you currently have unpaid invoices that are owed in the country, it can be beneficial to work with an experienced debt collection agency.
We specialise in collecting both business-to-business (B2B) debts on behalf of international small businesses, global brands, and middle market companies alike. Our team is knowledgeable on Spanish laws and regulations and uses both amicable debt collection techniques as well as legal options for all types of debts, including ones that are more than three years past due. Plus, we understand the importance of working quickly and efficiently.
When it comes to understanding Spain’s economic landscape, there are five main cities – Madrid, Barcelona, Valencia, Seville, and Zaragoza – that represent different facets of the country’s economy. Madrid is the nation’s largest city and its economic centre; Barcelona is a hub for innovative industries; Valencia is well-known for its technology sector; Seville is known as Spain’s culture capital; and Zaragoza is home to a bustling transportation industry.
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2. Skip Tracing
If the collection notice informing the debtor of his indebtedness and balance is returned undelivered then extensive efforts to locate your debtor commences.
Barcelona: Professional Debt Collectors for Foreign Companies
Barcelona is the capital of Catalonia and one of the most populous cities in the country. It boasts of a strong economy centred on automotive, food processing, textiles, health care, and tourism which attracts over 8 million visitors a year.
The city is also a global business hub with a number of leading multinational companies such as IBM, Microsoft, Google, Intel, Sony and Samsung having their offices here. For foreign companies looking to collect a debt in Barcelona, our debt collection agency can provide you with experienced collectors who specialise in Spanish amicable debt collection techniques and legal procedures for all types of debts.
Our agency has two centrally located offices in Barcelona that provide multilingual support and 24/7/365 online access that allows our clients to monitor the progress of their cases every step of the way. With our help, collecting debts from Spanish customers is faster and more efficient than ever before.
contacting the debtor
3. Successful Location
If contact is made with your debtor, we will demand payment in full. Once payment has been received it will immediately be deposited in a trust account and mailed to you along with a detailed report outlining each payment.
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4. Credit Bureau
When a debtor refuses payment we will recommend that his account be reported to a national credit bureau. This process will positively aide the collection process.
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Out-of-Court and Legal Options
5. Legal Actions
When a debtor refuses to pay we will locate the assets of the debtor when appropriate, and with the client's permission initiate legal action. The final decision of legal action is the clients alone.
6. Close and Return
If demand for payment and skip tracing efforts prove unsuccessful after an extensive and exhausting process we will contact you the client and inform you of the status, then close and return the account along with a detailed report outlining the entire history of that account.
Debt Collection Options
If your business has incurred any type of debt and is not sure of its ability to be successful recovered and turned back into positive cash flow, contact us and we will give you a professional and expert opinion.
Madrid: Business Debt Collection Services
Madrid, the capital of Spain, is a major economic centre known worldwide for its tourism and real estate opportunities. It's also a hub for many industries, including financial services, technology and telecommunications. As such, Madrid is an ideal location for foreign companies that are looking to collect business debt.
Our agency provides debt collection services in Madrid with multilingual support and 24/7/365 online access. We operate our own offices here and have been collecting unpaid accounts since more than 20 years. Our Spanish debt collectors are native speakers with deep knowledge of the debt collection laws in Spain which helps us get results faster - usually within 20 days.
We use both amicable (debtor-friendly) and legal methods to ensure our clients recover their dues as fast as possible. So whether you're a small business or a global brand, we can provide you the best debt collection solutions for every need in Madrid.
Bilbao: A Fast and Efficient Collection Agency
Bilbao, located in the Basque Country, is one of Spain's most important cities in terms of industry. It is known for its high-tech and research sectors and is home to some of the country's largest companies. For foreign companies looking to collect debt in Spain, our Bilbao office offers fast and efficient debt collection services.
We work with small businesses as well as global brands across multiple industries to ensure that your debts are fully recovered from the debtor promptly, making it easier for you to continue doing business in Spain.
A Debt Collection Agency in Valencia: What We Offer
Valencia is the third most populous city in Spain with a population of over 810,000 people. It is known for its bustling port, vibrant nightlife and grand architecture. Valencia also has a strong economy - it is one of the main tourist destinations in Spain and is home to thriving industries such as automotive, pharmaceuticals and textiles.
Our debt collection agency in Valencia offers a comprehensive range of services for businesses seeking debt relief. Our experienced team of native Spanish debt collectors use amicable collections techniques to recover outstanding debts in a timely manner. We also provide legal options when needed and have an extensive network of business contacts to access local court systems efficiently and effectively.
We have over 20 years experience in recovering business debts, so you can trust that we will work fast and efficiently to get the remuneration your company deserves.
Overview of the Economy & Industries in Valencia
Valencia is the third largest city in Spain and one of the main coastal cities of the country. It is a fast-growing city known for its ever-evolving economy and industries, as well as its vibrant culture.
The main industries in Valencia include tourism, automotive, finance and banking, biomedicine, logistics, metalworking and construction. With a GDP of more than €90 billion dollars per year, Valencia's economy continues to thrive, especially in areas such as business services, life science and nanotechnology. Tourism also plays an important role in the economy; with attractions like historical monuments and parks, Valencia is one of Spain's main tourist destinations.
Valencia's economic success is also due to its financial institutions and tax incentives; there are many banks offering loans that can help local businesses to start or expand their services. Additionally, foreign companies can benefit from various fiscal advantages when investing in Valencia: grants for hiring new employees or tax deductions for investments are just some of the benefits available to international businesses operating in the city.
In conclusion, Valencia offers many economic opportunities for foreign companies thanks to its growing economy and thriving industries. From low-cost loans to generous tax incentives for those who invest here, it's easy to see why this city remains an appealing destination for entrepreneurs from around the world.
How to Collect a Debt In Spain
It would be better for a claimant in Spain to seek an out-of-court settlement to recover a debt, as legal proceedings can be lengthy, difficult, and expensive. As a result, 90 per cent of the conflicts are settled out of court and just 10 per cent of the cases need court involvement.
The first step in obtaining an out-of-court settlement
would be for the applicant to submit a formal late payment payment request to the debtor, providing for a fair time period for recovery. The petition for payment is made either by certified mail or by burofax, a quick and secure service that accredits the dispatch of documents and their content. If the debtor fails to pay his debt in this time, he will be defaulting on repayments.
In short, a creditor should try to reach an out-of-court settlement to recover debts before reclaiming them through legal action.
The "Monitorio procedure" is extremely appropriate when having to deal with smaller debts which would incur high costs if handled in court. It is strongly recommended to use a lawyer's services for the "Monitorio Case," because they would be acquainted with the specific criteria of the initial stages of the proceedings as well as those of the traditional legal procedures that could inevitably shift to the argument. Contact Us for a Free Quote
Debt Collection Agency for Malaga and Marbella
Malaga and Marbella are two of the most important cities in Spain, located in the Mediterranean coast. They have a long history of international commerce and currently they have become very attractive tourist destinations.
The economy of the Malaga Province is mainly built around services, especially tourism, but also commerce and industry. Marbella is well known for its luxury real estate and financial services, as well as having an important fishing industry.
Did You Know? 10 Facts About Spain
Are you trying to collect a debt in Spain? If so, here are 10 quick facts to help you on your journey:
- Spain is the 13th largest economy in the world, and its population is approximately 46 million.
- The main industries include tourism, renewable energy, automotive manufacturing, banking and finance, and services.
- The official language is Spanish (Castilian), but English is also widely spoken in certain areas of the country.
- Madrid is the capital city of Spain and holds much of the country’s government offices.
- Other major cities include Barcelona, Valencia, Seville and Granada – all of which have thriving economies.
- The Spanish banking sector has three main players – Santander Group, Banco Bilbao Vizcaya Argentaria (BBVA) and CaixaBank – who together account for more than 60% of deposits and loans in Spain.
- Madrid has a GDP per capita of $35,629 compared to Barcelona’s $25,051 – making it one of Europe’s most prosperous cities.
- Tourism makes up around 11% of the Spanish GDP - with over 72 million people visiting annually due to its stunning coastline, pristine beaches and vibrant culture..
- Renewable energy is becoming increasingly important in Spain - it accounts for 30% of electricity production within the country with wind providing 40%.
- There are over 50 free trade zones within Spain that provide many trade incentives for foreign companies operating within them – including reduced taxes on corporate profits etc..
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In the business world, collecting debt is an inevitable task
It is crucial to maintain a healthy cash flow for your company. However, chasing late payments can be a tedious and time-consuming process. Therefore, hiring a debt collection agency can be an effective solution.
Spain is known for its vibrant business culture
with numerous industries and enterprises operating in the country. However, like any other country, Spain also faces the challenge of businesses struggling to collect their outstanding payments. According to a report by the Spanish Association of Credit Management (ASIC), the total amount of commercial debt in Spain in 2020 was €96.9 billion. Therefore, it is crucial for businesses to seek assistance from debt collection agencies. In this article, we will discuss the best business debt collection agency in Spain that can help your company recover its unpaid invoices efficiently.
Why should you hire a debt collection agency?
Chasing late payments can be a challenging and time-consuming task. It can also be an uncomfortable process for business owners to pursue overdue payments from their clients. Therefore, hiring our debt collection agency can be a beneficial solution for businesses. We have the expertise and experience in dealing with unpaid invoices and can help your company recover its outstanding payments in Spain quickly.
Our debt recovery agency with over 21 years of experience provides: Business to Business Collections Services, Legal Debt Collections and worldwide Skip Tracing services.
