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INTERNATIONAL COLLECTION SERVICES

As corporate America focuses more on international sales, there is a corresponding pressure put on collection departments to work towards reducing international DSO. Many corporations do not have a lengthy history of dealing with international accounts receivable matters. In many cases, the history has been one of securing all international receivables through letter of credit.  

Corresponding to the significant increase in overseas sales is the need to give open account terms in countries where such terms have not been given previously. This, of course, has increased the uncollectibility of receivables on a proportionate basis.

Diversified Credit has had a long history of handling international collections. DCS has legal representations available worldwide with most attorneys working on a contingent basis. When legal involvement is required, we review each claim on a case­by-case basis and negotiate legal fees on our customer's behalf. As always, there is no litigation initiated or costs expended without our customer's specific authorization.

The following rates apply:  

CANADA/PUERTO RICO
            Standard domestic rates apply
                        Claims $200 to $2,000   25%
                        Claims over $2,000       20%
MEXICO/CENTRAL AMERICA 
                       Claims $200 to $2,000    28%
                       Claims over $2,000        23%
ALL OTHER COUNTRIES (WORLD-WIDE) 
                       Claims $200 to $2,000    30%
                       Claims over $2,000        25%