Navigating Debt Collection: Russia Success Stories
Debt collection is always a daunting task, especially when dealing with debtors in a foreign country. Luckily, you’ve discovered Expert Planet, where a vast network of international collection professionals stands ready to assist you. With our experts by your side, your chances of success are greatly enhanced. Explore real cases below, showcasing how our experts have helped users successfully retrieve their payments in Russia.
Debt Amount: 6,580 USD
Age: 6 months
In this case, the debtor paid 30% deposit, however, after the goods arrived at the destination port, the debtor refused to pay the 70% balance with an excuse of the quality issue of goods.
When the creditor found Andrey on Expert Planet in July 2022, the payment had been overdue for over half a year. As the debt age was not very long, it still had a high possibility of successful recovery. Even though the debt was not a big amount, Andrey treated it with a great sense of responsibility. He spared no effort to negotiate with the debtor and never failed to reply to the creditor’s messages within 24 hours.
Thanks to Andrey and his team’s hard work, the creditor and the debtor finally reached a repayment agreement and the creditor received the payment in October 2022.
Debt Amount: 16,939.8 USD
Age: 3 years
This case was complicated to handle as it had been overdue for 3-years. As Andrey contacted the debtor, the debtor always tried to find various excuses to postpone the payment. However, Andrey and his team kept putting pressure on the debtor and negotiating with them, making them finally agree to repay in full. With Andrey and his team’s efforts, this 3-year debt issue has been resolved in 4 months!
Debt Amount: 20,000 USD
Age: 7 months
The creditor entered into an agreement with the debtor stipulating that payment of goods would be made upon the sale of goods, with the total amount being 30,000 USD. However, despite the terms agreed upon, the debtor failed to fulfill their obligation in a timely manner. As of August 17, 2021, they have only paid 10,000 USD, leaving a remaining balance of 20,000 USD. Despite repeated attempts from the creditor to secure payment, the debtor refused to fulfill their financial obligation.
When Andrey received the case from the creditor, the debtor’s contact information provided by the creditor was very limited, and Andrey couldn’t establish contact with the debtor with this information. However, utilizing his company’s own channels, Andrey managed to find the debtor’s postal address, additional emails and phone numbers and finally located the whereabouts of the debtor. Andrey and his team kept pushing the debtor through these contact methods and finally recovered the debt within only one month.
