Why it Matters - Securing a successful ￡517,475 collection from China

Welcome back to our bi-weekly article series: Why It Matters where we take you inside our business to share the stories and values that drive us. At Global Credit Recoveries, our work goes beyond numbers - it's about impact. From the experiences of our partners and clients to the voices of our team, discover the purpose and passion behind what we do. Today we are discussing a huge debt that our client had tried for 4 years to recover from China.?

At Global Credit Recoveries, we understand the challenges that come with international debt collection. Recently, our team took on a case involving nearly four years of non-payment—a considerable amount of ￡517,475 GBP was owed. In collaboration with our trusted partners in China, we successfully recovered this sum for our client, with more to come once a small on-site task is completed.

This case underscores the vital importance of choosing the right partner for international collections. At GCR, we rely on established, tried-and-tested local teams who know the culture, legal landscape, and nuances of each region. Having reliable feet on the ground ensures that debt is collected professionally and efficiently.

For this particular case, our local team met multiple times with the debtor’s management team. Thanks to their strategic approach, we avoided the need for costly litigation - an outcome initially anticipated during discussions two years ago. Instead, we leveraged our experience and relationships to reach a resolution that is mutually beneficial, all while reducing delays and costs for our client.

As we await the completion of this recovery with even more funds outstanding for the client in China, we are reminded of how crucial it is to have the right people in the right places. If you are looking to recover international debt, make sure your partner has the global reach and local expertise to get results. At GCR, we’re here to navigate the complexities of international collections, so our clients can focus on their business with peace of mind.

International debt collection can be a daunting task for businesses, especially when dealing with unfamiliar legal systems and cultural differences. At Global Credit Recoveries, we know that effective debt recovery requires more than just a one-size-fits-all approach. It demands the right people with the right expertise in the right places. This case is a prime example of how our global network and local partnerships make a real difference, enabling us to resolve complex cases efficiently and without unnecessary costs. We help our clients focus on their growth and stability, confident that their interests are being safeguarded.?

And that is why it matters.