What is debt collection?

Debt collection describes the business of recovering external debts by a registered legal service provider. If payment is not received for goods or services purchases, a debt collection company is charged with recovering the outstanding amount.

Debt collection process.

PAIR Finance takes over the entire debt collection process for its clients. Our aim is to work together to find an out-of-court solution in order to save you additional costs and unpleasantness.

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Extrajudicial collection procedures

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Court collection procedures

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Post-judicial collection procedures

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Monitoring

PAIR Finance - Digital debt collection.

As a digital debt collection company, we use a digital communication strategy which is tailored to you. Using our innovative technology, our highly-motivated, skilled team can work with you to find the right solution.

Digital debt collection

As a digital debt collection company, we use an individual and digital communication approach for you. With the help of our innovative technology, our highly motivated and competent team will find the right solution together with you.

Extrajudicial collection procedures

Individual.

We try to reach you via the most suitable contact medium to ensure that we already find a solution with you in the out-of-court dunning procedure. In addition to e-mail, SMS and messenger services, you can also choose between the postal procedure and personal contact. Digital communication channels allow you to react faster and settle the outstanding debt in just a few clicks.

Transparent.

We try to find the best time to contact you so that we can get your attention in the hectic of everyday life. We see ourselves as your partner in the debt collection process and help you to better understand the facts through a personal approach and individual text design.

PAIR Finance - Personal Customer Experience

Fair.

Through an efficient process and a variety of possible solutions, we want to find a quick solution together with you and keep the legal costs as low as possible for you.

Further process.

If we do not reach an out-of-court agreement with you, our legal department will initiate legal proceedings and legal enforcement. Don’t let it get that far, get in touch with us!

Court collection procedures

As part of the court collection procedure, a default summons is applied for to the court, followed by an enforcement order. The application to the court results in further costs for you. The subsequent enforcement order extends the period of limitation and your open debt can be recovered for a period of 30 years.

Post-judicial collection procedures

The execution process following legal proceedings can involve attachment of wages or salary, or even seizure of assets by the court officer. The court officer can also obtain official asset information from you personally. These steps in the proceedings will result in significant additional costs to you.

Monitoring

Even years after the order is issued, you can still be pursued and forced to pay your outstanding debt. PAIR Finance uses various digital and analogue sources to continuously obtain new findings about your current financial situation and continue the process efficiently and effectively.

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