Rising costs are putting a strain on the finances of both individuals and businesses. As a creditor, you need to take action to reduce your exposure to the increased risk of late payment or debt default.

Debt collection agencies usually have high rates of success, but there will always be debtors who, despite the agency's best efforts, continue to refuse to pay. So, what happens next?

Recovering an overdue debt from an overseas customer may seem like a daunting challenge but it doesn't have to be game over, particularly if you put the debt in the hands of an experienced debt collection agency.

Using a professional debt collection agency can be extremely effective and costs less than you think. Chasing a debtor who hasn't settled on time can be frustrating and it can also take up valuable time and resources.