Collect your money back: B2B Debt Collection

Get your outstanding invoices paid fast with commercial debt collection backed

Find out how Coface can recover your unpaid invoices. Register your debts.

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Outstanding invoices paid fast in Baltics or abroad

Non-payment and late payment can have a huge impact on your cash flow and performance. One in four bankruptcies are due to unpaid debt, and a single major debtor can weigh heavily on your business transactions… and even threaten your company’s survival.

  • Collect your debts fast

    As a leader in credit insurance, Coface’s debt collection services vastly improves the chances of recovering your money. We save you time, leaving you free to focus on growing your business.

  • Only pay for the amounts recovered

    Cut down your costs! With Coface’s business debt collection solution, you only pay a commission on the money recovered.

  • Worldwide

    Recover your trade receivables wherever your debtors are based, even if they are outside FRance. With Coface international debt collection, you have a single point of contact regardless of the country where the debtor is based. We rein in your losses, cut disruption to a minimum and reach out to local legal teams for you.

  • Protect your brand image

    Call in Coface’s experts so you can maintain good business relations with your client: carry on expanding your business while we act on your behalf.

International and local debt collection

Coface collects your outstanding invoices in 190 countries using a one-of-a-kind international network.

Debt collection experts in Lithuania act as a link between you and the local manager handling your request.

These contacts have extensive knowledge of the local language, legislation, market and practices.

Commercial debt collection: what is it?

Late payments or non-collection of receivables can have far-reaching consequences on your cash flow. Unpaid debts are the reason behind 25% of bankruptcies. A single major debtor can vastly restrict your ability to do business or even jeopardise your company’s future.

How do I get my customer to pay?

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Has your client still not settled their debt regardless of your reminders? The next step is to send a registered letter with acknowledgment of receipt giving them formal notice to pay.

Then, if - regardless of your out-of-court actions - your client still doesn’t honour their debt, you can launch a legal debt collection process and embark on various legal procedures: these range from a court order to pay or a summons for payment to

How do I get my customer to pay?

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a summary procedure. But you should remember that this approach can be expensive and time-consuming, and the outcome may be uncertain.

When you authorise Coface to collect your unpaid debts, we guarantee to:

  • Recover your money quickly
  • Save you time so you can grow your business
  • Request our commission only if we are successful

Precourt and court debt collection

Pre-court debt collection instruments - reminders, phone calls, scheduling and negotiating payments.

We publish information concerning corporate debts in the databases of credit ratings and debt management companies operating in Lithuania, as well as in the international Coface data network.

We use legal proceedings to collect debts if necessary.

Three reasons to choose the Coface preventive stamp

Coface provides you a service specifically designed to monitor invoices and reduce losses from unpaid invoices or late payments.

  • Payment prioritisation

    Customers will pay invoices bearing the Coface stamp first.

  • Strengthening the business

    Transfer your debt management to Coface and improve your creditworthiness.

  • Debt prevention

    Cash flow is protected against unpaid invoices by paying them on time.

Preventive stamp

The Preventive stamp is a digital asset useful for companies that want to inform their business partners that if a payment is not made on time, the debt collection procedure will be carried out by the trade credit insurance company Coface.

This solution reduces the need for future debt collection procedures.

The mark on the invoice is represented as a stamp and has a proven impact on better payment performance.

Order preventive stamp

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What does failure really cost you?

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The extra turnover needed to make up for loss

The simulation above shows the additional turnover that your company must achieve to compensate for the loss due to a non-payment.

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In contrast to the hopes of last year amidst the euphoria of the post-pandemic upturn, the macroeconomic outlook for 2023 is bleak, to say the least. Against this backdrop, should we expect a widespread rise in claims and corporate insolvencies? Jean-Christophe Caffet, Group Chief Economist, provides some answers.

Frequently asked questions