The countries that used debt collection agencies for dealing with outstanding payments most are India (55%), China (51%) and Taiwan (50%). When it comes to international debt collections, Hong Kong organizations use debt collection agencies on a much larger scale than any other Asia Pacific countries (49% compared to 34% on average).
How Do We Deal with Debt Collections?
According to this report from Atradius Collections, 65% of companies in Asia Pacific used internal resources for overdue invoices during the last 12 months. The main reasons companies handle debt collections internally is concerns about cost and customer relationships. These statements are based on a global survey that took place in 2013.