Assignment of debt is an advantageous solution for instantly receiving money in exchange for debt, the recovery of which is expected to be a long and costly process.

The advantages of assignment:

• Receive your money instantly
• “Clean” balance sheet
• No actions need to be taken with respect to the assigned debt
• The resources of your company will be invested in your operations

How does assignment of debt to Creditreform work?

• The creditor submits to Creditreform a list of debtors that includes basic information regarding the debtors and debt amounts
• Creditreform assesses the received debt portfolio and produces an offer for the debt purchase price
• An agreement will be signed and the liability documents transferred. For the transfer of all the documents, acts of transfer and acceptance will be drawn up
• Creditreform will give notice to the debtors of debt assignment and commence the debt recovery process

Selling of “old” receivables might be a suitable solution for your company.

Assignment is not the only solution to the problem of debt. Creditreform also offer alternative debt collection and debt recovery solutions.