What Is International Debt Collection?

International debt, also known as external debt, is all the debts that a resident of a country has paid to a non-resident with a contractual repayment obligation, including the principal to be repaid and interest to be paid, at any given time.

International debt

International debt, also known as external debt, is that at any given time,

The commercial account collection industry is an important branch of the credit industry. At present, enterprises are facing severe problems of difficult collection of commercial accounts. Especially after China's entry into the WTO, the problem of commercial accounts has become more prominent, which has seriously affected the market competitiveness of enterprises. At the time, the State Economic and Trade Commission, the Ministry of Public Security, and the State Administration for Industry and Commerce banned the commercial account recovery business twice, because some units and individuals engaged in this business at that time did not follow the rules of the industry, and repeated serious violations of law Disciplinary and criminal acts, China can only engage in this business today only legal institutions or individuals such as law firms or lawyers.

Credit management branches such as corporate credit surveys, credit management consulting, and credit management training have developed to varying degrees in China. In particular, after more than a decade of development, corporate credit surveys and credit ratings have formed a considerable scale in China. Approved by industry leaders. With the development of China's social credit system, credit management expertise has become increasingly sophisticated. However, the commercial account collection industry, as an important branch of credit management, not only failed to develop with other credit management branches, but also encountered a policy forbidden zone. A socialized credit system without a commercial account collection industry is an incomplete socialized credit system. The key issue is how the commercial account collection industry itself develops and how the government regulates and manages it.

The latest data from the Research Institute of the Ministry of Commerce shows that the conservative default of overseas debts of Chinese companies has exceeded 100 billion U.S. dollars, and the amount of overseas arrears newly added in 2009 has greatly exceeded 15 billion U.S. dollars and is accelerating growth.

In real life, the existence of a large number of overdue accounts receivable, the cumbersome judicial procedures, and the "destroying" effect on commercial relationships have also led to the existence and expansion of the commercial account collection market.

The developer's account collection industry is a requirement for the development of productivity and reflects the requirements of the "three represents." Modern business account collection, as the transmitter and middleman of debt information, can coordinate business conflicts and reduce transaction costs. The modern business account collection industry with strict management and standard operation will not only not disrupt social order, but also an essential lubricant for the operation of modern commercial economy.