debt collection
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debt collection
The collection of due monetary claims, especially when they have not been paid on time. This is often handled by specialized companies, called debt collection agencies.
Da der Kunde die Rechnung ignorierte, wurde der Fall an ein Inkasso-Unternehmen übergeben.
Since the customer ignored the invoice, the case was handed over to a debt collection agency.
'Inkasso' (debt collection) is a term from finance and law. For the person who has not paid a debt, the word has a strongly negative meaning and is often associated with payment reminders and additional costs.
Er hat große Sorgen, weil er einen Brief vom Inkasso bekommen hat.
He is very worried because he received a letter from debt collection.
The word is often used in fixed combinations. Typical examples are 'Inkassobüro' (debt collection agency) or 'Inkassounternehmen' (debt collection company) for the company, and 'Inkassokosten' (debt collection fees) for the charges.
Die ursprüngliche Rechnung war niedrig, aber die Inkassokosten sind sehr hoch.
The original invoice was low, but the debt collection fees are very high.
Common phrases are 'einen Fall an das Inkasso übergeben' (to hand a case over to debt collection) or 'ein Inkassoverfahren einleiten' (to initiate debt collection proceedings). A person can 'Probleme mit dem Inkasso haben' (have problems with debt collection).
Wenn Sie nicht zahlen, müssen wir die Angelegenheit dem Inkasso übergeben.
If you do not pay, we will have to hand the matter over to debt collection.
