How do you recover your debts without a court?

How is it that people do not pay their debts. Taken out to answer the question posed in this way, we answer without thinking: “because they have no money”. Rightly, every fifth debtor doesn’t have money. Others need a reminder … When we receive the payment, each of us calculates.

First, we wonder what bills we need to settle immediately


Which we can postpone. People usually consider telephone, electricity and rent bills as their most important responsibilities. The remaining money is spent on food and refueling the car. Then they think about pleasant things such as shopping, going to the cinema or saving for a holiday trip or children’s education.

Nobody thinks more about paying off outstanding debts. Although the repayment of such an obligation, especially in installments, would not be a burden on the budget, the average person prefers to postpone it. The reason for this is recklessness and a lack of knowledge about the consequences.

It should be in the interest of both the debtor and the creditor to repay the debt as soon as possible. From the point of view of the debtor’s peace of mind and the forced expenses he incurs on debt service, it is worth considering and correctly prioritizing.

Overdue receivables should become an important point in budget planning 

Overdue receivables should become an important point in budget planning 

The first important step in the recovery process is the so-called amicable debt collection. It allows to maintain good relations between the debtor and creditor and is relatively inexpensive. The settlement of the case without the participation of a court and bailiff depends to a large extent on the debtor. If he does not deliberately act to avoid repayment, the creditor will be more willing to settle.

Debt collection, at this stage, should be largely based on monitoring the debtor’s situation and establishing contact with him to explain the reasons for this situation. It aims to enforce the debtor in the shortest possible time, with minimal costs, the largest amount of arrears. The following types of debt collection serve this purpose:

  • by letter (reminders, requests for payment);
  • telephone (SMS with reminder of payment, urgent calls);
  • direct (visit of a field employee working for the creditor).

All these methods are primarily to remind the debtor of the arrears


If the debtor is good, you do not have to go to court. In this situation, the initial recovery phase should be well utilized. During this time, the debtor may, for example, ask the creditor to extend the repayment period, reduce repayment installments, or partially suspend the calculation of interest.

An amicable settlement of debt repayment is possible regardless of whether the claim is claimed by the creditor with whom it arose or by the so-called secondary creditor, i.e. a professional debt collection company.

King supervisor to be in 2013 so that aid to Spain does not count as debt

The Minister of Foreign Affairs, José Manuel García-Margallo, said Monday that the launch of a banking union and a European banking supervisor so that banking aid to US does not count as “possible” debt and has defended that it can begin to operate in January 2013 “regardless of its objective scope of control”.

What US intends is that financial aid to banks does not count as public debt

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So that the aid to the banks does not compute as public debt the condition is that there is a European supervisor, ”he explained in statements to the press upon his arrival at the meeting of EU foreign ministers.

After the last contacts he has had in the face of the summit held by the Heads of State and Government next Thursday and Friday in Brussels with the banking union at the center of the debate, Margallo has ensured that “in principle” the implementation of single banking supervision should not have “difficulties.

“In principle I have been told that there would be no difficulties,” said Margallo, who responded with an “Inshalla” when asked if US is confident that the monitoring mechanism is working in early 2013, as US wants. “Even the tail is all bull,” he admitted nonetheless.

Germany has questioned so far that the single banking supervision may be working at the beginning of 2013, as US aspires so that the loan of up to 100,000 million euros agreed by the Eurogroup for problematic Spanish financial institutions does not count as debt.

Berlin insists single supervision only cover nationalized and systemic banks

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But resists that the European Central Bank that must play a central role in the new supervisory mechanism controls German regional banks. Brussels has proposed that the single supervisor controls all the Eurozone banks in 2014.

Margallo has insisted that for banking aid to US it does not count as debt “it is enough that there is a banking supervisor, regardless of its objective scope of control.”

“The rest of the questions are indifferent to us. In other words, if that European supervisor is going to supervise only the nationalized banks and the systemic banks and in a second stage all the banks or if from the first moment he has to exercise his supervisory action and control over all the banks ”, he stressed.


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Margallo has left in the hands of the Ministry of Economy in any case to decide if US asks for the second bailout if the European Central Bank undertakes to buy Spanish debt in the secondary markets guaranteeing that the Spanish risk premium is reduced to about 200 basis points.

“That has to be decided by the Ministry of Economy. If the risk premium stood at 200 basis points, the Spanish landscape would really be infinitely clearer than it is now, we would have to allocate much less money to pay interest on the debt and therefore we would have much greater margin to finance the welfare state and to create employment, ”explained the minister.