1. Basic information
Do you need working capital? Do you want to reduce costs of executing claims and focus your and your employees’ actions on your company’s daily business? Selling debts is the most efficient way to recover blocked capital. We assume the risk of debtors’ insolvency and guarantee to cash the debt within less than 20 days. We purchase debts that are both before and after due dates. Because of us you can focus on your main business.
2. Actions scheme
HOW DOES IT WORK?
3. Charges and fees
Your only expense is the agreed price of the transaction. We do not apply any other additional charges, we do not surprise our partners with hidden costs.
4. Frequently Asked Questions
1. Is the transaction of a debt sale subject to the VAT tax?
In compliance with the EU Law, transactions related to debts, excluding debt collecting, are exempt from the VAT tax. Therefore according to the rule of EU legislation’s supremacy over the national Laws ordering to directly exercise the provisions of the EU legislation, sales of debts are subject to the VAT exemption.
2. Is a contract for sales of debts subject to the PCC Tax?
Contracts for sales of debts are not subject to the PCC tax as long as a professional debt managing entity is a party to such a contract.
