If the debtor delays payment and is not covered by insurance or a trade finance program, it is critical to act quickly, before recovery is no longer possible (bankruptcy, arrangement, the lack of a debtor’s assets, discontinued operations). Very often quick response by the Farosol partner will ensure at least partial recovery.

Farosol members will provide you with local expertise in debt collection – country dependent – and is a perfect support tool for your trade credit insurance or trade finance solution.

Farosol will take into account the country and industry in which you operate; debtor size; overdue period; the type of collateral held and the financial position of the debtor.