One concern that many Oklahoma exporters have about doing business overseas is worrying about a lack of payment once services are rendered or a product is delivered. Tools offered by the Export-Import Bank of the United States such as Export Credit Insurance, which amongst several benefits, can insure against nonpayment by international buyers.
However, there are occasions where private firms specializing in collecting payment from overseas are necessary. Altus Global Trade Solutions is one such firm with a presence in 116 countries worldwide. They are a fully bonded company licensed in all states and countries that require it. In addition, Altus offers its own credit reporting system to inform agencies such as Experian, Dun & Bradstreet and Equifax of your debtor’s credit.
Altus offers negotiable rates for its services, which include financial investigations of debtors bank accounts, assets and liabilities. They also claim that less that due to the thoroughness of their investigations, less than 1 percent of their accounts ever reach litigation. If they do, Altus is a member of the Commercial Law League of America.
To learn more about Altus Global Solutions, visit their website here or contact Andrea Nicole Lawrence.