Collection Services & Credit Checks

The US is one of the most important trade partners for German companies. Unfortunately, some US clients make late payments if not at all. For more than 50 years GACC Midwest has supported German companies and private persons collect outstanding payments in the US.

There is a great variety in the reasons for delayed payment from partner companies. Misunderstandings, e.g. a wrong contact person or language difficulties are often the reason, and simple for us to help remedy. Sometimes distance plays a role, leading the debtor to think that German creditors are out of range and cannot reach the American debtor. We have years of experience helping to resolve cases in situations such as these.

GACC Midwest tries to solve these issues in an out-of-court settlement because it presents a cheaper solution for German companies resulting in maximum monetary recovery. Legal proceedings in the US, for various reasons, are very expensive, and can lead to high costs even in the case of a successful petition. In our experience in fact, legal proceedings only provide significant returns if the debt claim is USD 30,000 or more.

Efficient Debt Claim Management


Please find below our services in detail.

Debt Collection

Throughout the process GACC Midwest will act as an intermediator, which positions us to open channels of communication and allows solving misunderstandings and negotiation between the parties to achieve a quick and uncomplicated resolution with the payment of outstanding allowances.

Our first service is a free consultation based on a review of the situation in order to determine the prospect of a successful resolution. This will determine whether or not we accept the case. We treat all correspondence and documentation related to the case as confidential. If we accept the case, we begin by contacting the debtor by phone and in writing to ensure a response, and we finish when the outstanding allowances have been paid.

Your Advantages

  • GACC Midwest will act as a professional and objective third party intermediator between creditor and debtor to resolve misunderstandings between the parties.
  • We are on-site in the US, which helps pressure the debtor more than collection letters and calls about payment from Germany.
  • Our team utilizes extensive knowledge of both US and German business and negotiation cultures.
  • Besides a low base fee, a commission incurs only after the successful completion of the case.

Credit Check

GACC Midwest requests credit information about your business partner in the form of a company report to learn about the credit-worthiness and the paying habits of your partner company. This knowledge can prevent a partnership with unreliable company so you can avoid debt claim situations altogether.

“With the German American Chamber of Commerce of the Midwest, Inc. we found a competent contact in the US that helped us with cost-efficient debt collection. It is especially important that the debtor senses the far reaching influence of the creditor, and therefore realize that in no account can they renege on the contract.”

H + G BANK Heidelberg Kurpfalz

More Presence, More Market, More Success

We have been supporting German and American companies conduct transatlantic business for over 50 years. We want to help you to profit from our vast experience, market knowledge and expertise regarding the expectations of American clients and American business culture. Our intercultural, bilingual team is specialized in establishing your company in the US market as well as representing and supporting you through and after the transition.

Contact

Gerrit Ahlers

Director, Consulting & Corporate Development Services

Chicago

+1 (312) 585-8345
+1 (312) 644-0738
Write an e-mail
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