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About collection

Collection companies offer their clients comprehensive advice and services to secure their liquidity. To do this, they need official registration in accordance with the Legal Services Act (Rechtsdienstleistungsgesetz). Their clients include craftsmen, traders, the service industry and public authorities. 

Debt collection benefits the entire economy: only financially sound companies can invest in personnel, research and development, new products and services. The proper handling of outstanding debts is an important aspect that contributes to stable prices for consumers and secure jobs in companies. This is because companies have to add to the prices of their products and services the money they lose from unpaid bills. Debt collection helps to keep this amount as low as possible.