Are you looking for a China debt collection agency? This article will explain what you need to know.
We are not a debt collection agency, but we do have attorneys that can write demand letters.
Instead of selling the debt to an agency, you should consider going after the full amount. You can do this with the loan demand letters, and filing a small claims action in China.
We have lawyers located in Beijing that can assist with debt recovery anywhere in China.
International Debt Collection
If you need help with debt collection in China, fill out the form on the side of this page. Please share the details of who owes the money, and how much they owe.
You can see our Beijing attorneys further down in this article. They often help companies, banks, and internet lenders get their money back.
This could be for credit card debt or direct loans to people. Sometimes it’s for a friend or family member. Some people loan $100,000 for someone to start a business.
You will want to collect that money. The lawyer will try to preserve the relationship while getting you the money back.
We can also help with international debt collection between Canada, the United Kingdom, and China.
Commercial Debt Collection
There has been a massive amount of insolvency because of the US/China trade war, and of course, COVID-19.
A lot of Chinese companies borrow a lot of money because raising investment in China is difficult as a startup.
It’s much easier to raise money once you have a few million in revenue.
Online lending is very popular in places in Beijing and Shanghai. It’s easy to borrow money directly on your cell phone.
There are apps where you can use your national ID to borrow. You have to input all your personal information so that debt collectors can find you if needed.
This includes information about your family and workplace. You can see a few of our attorneys in China below.
Lawyers Who Can Help With Recovery | China Debt Collection Agency
Instead of hiring some sketchy debt collection company, just hire an attorney. Law firms are often the best debt collectors.
Let’s use a common example of how someone gets into trouble. Let’s say there is someone called Ms. Wu who borrow money to invest in their friend’s restaurant chain.
They borrow $50,000 and give money to their friend. Let’s assume, since we are talking about debt collection, that things do not go well with the company.
Now Ms. Wu is out $50,000. And the people that loaned the money want to get paid. Let’s say that the money was borrowed from the Bank of China.
The Bank Of China might hire our attorneys to send a demand letter to Ms. Wu. If she doesn’t pay within 30 days, a lawsuit might be filed.
Our Attorneys can assist with:
- accounts receivable
- Chinese law
- debt recovery
- commercial debt collection
- collecting debts
- international debt collection
- debt collection in china
- the process to get repaid
- debt collection service