PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: DAT-Consultancy

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

DAT-Consultancy Introduces Pre-legal Debt Collection to Foreign Creditors in Turkey - With the launch of its pre-legal collection services, DAT-Consultancy is addressing the need for professional and personal debt-collection services in Turkey
DAT-Consultancy Introduces Pre-legal Debt Collection to Foreign Creditors in Turkey

 

NewswireToday - /newswire/ - Maastricht, Limburg, Netherlands, 2010/09/08 - With the launch of its pre-legal collection services, DAT-Consultancy is addressing the need for professional and personal debt-collection services in Turkey.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Debt collection as financial service is a totally new business sector in Turkey. Until recently, payment issues were either being settled after lengthy Court procedures, or solved behind closed doors with a personal settlement. Consultancy companies did not at all play any role and pre-legal collection has never been an option to foreign creditors. At the same time, due to increasing internationalization of Turkish companies and exceptional economic growth of the Turkish economy, the total value of foreign accounts payables has been rising steadily.

Hitherto, a company which was facing bad debts in Turkey was bound to experience complicated administrative requirements and costly legal procedures. Moreover, cultural differences and long distances created additional hurdles in terms of communication. By launching its pre-legal collection services, DAT-Consultancy can genuinely be regarded as a pioneer company in bridging the gap between culture and trade. By combining a personal approach, mediation and judicial solutions in a unique all-inclusive package it has greatly reduced financial risk for foreign companies trading in Turkey.

Within two years their activities on debt collection have developed into a full-fledged collection service, furthered by its appointment as GCS-Group’s official representative in Turkey as of December 2009. A focused approach on pre-legal procedures such as registered demand letters, notifications, regular collection calls, and company visits has proven itself to be very effective in reaching payment agreements in Turkey. In case a debtor remains reluctant to pay, DAT-Consultancy’s exclusive contract with its law-firm allows for low-cost legal proceedings in which lawyer fees become only due in case of a positive ruling. With a 70% success rate and an average time span of 2 months for solving any debt claim pre-legally, DAT-Consultancy’s tailored services can be called highly successful.

DAT-Consultancy has received much positive comment on debt collection efforts from both creditors as well as Turkish debtors. They are often happy to 'finally being able to discuss the problem’ with someone from their own cultural background, speaking their language, and showing, in their eyes, 'understanding' for their position. This kind of reactions stress out the difficulties of Turkey’s rapid economic development: the need to be able to address issues in the native language and the necessity of understanding Turkish social norms. Concluding, all of this makes debt collection in Turkey a distinctive practice, with potentially high returns.

DAT-Consultancy (dat-consultancy.com) is a member of the ACA, the association for credit and collection professionals, and the official representative of GCS-Group in Turkey. DAT Consultancy operates on the basis of no-cure, no fee. A commission-based collection ensures a professional and success orientated approach.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: DAT-Consultancy

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


DAT-Consultancy Introduces Pre-legal Debt Collection to Foreign Creditors in Turkey

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: DAT-Consultancy.com 
+31 43 3020313 info[.]dat-consultancy.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any DAT-Consultancy securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From DAT-Consultancy / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico
TRA Searches for TPA Acquisition Opportunities

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)