How is a claim titled?
The titling of an open claim is part of the judicial dunning procedure. The prerequisite for initiating this procedure is the order for payment. Ideally, you have already commissioned us to handle the entire judicial dunning procedure. The DIAGONAL Group draws on almost three decades of experience in debt collection services and accompanies you through the bureaucratic process up to the titling. Once your debt has been titled, we will monitor the financial status of your delinquent customer for over 30 years.
What do you gain from the titling of a claim?
You know it from your daily business: An open invoice expires after the third year after it was issued. What does this mean? If you attempt to assert a claim after this statutory limitation period has expired, the defaulting customer may assert the defense of limitation. You will never see your money again. A titling of the claim is exactly the way out of this situation! After titling, we can assert the claim on your behalf for 30 years. A tried and tested remedy in this respect is foreclosure.
Titling – 30 years of great opportunities
As a technology leader in the industry, all our processes are highly automated. The DIAGONAL Group has a digital interface to all German dunning courts. This competitive advantage makes our actions highly efficient also in judicial debt collection. The monitoring of the titling over 30 years is fully automatic. Regular credit checks and address research provide targeted information on the asset status of your defaulting customer.
This enables us to control the approach to debtors on a selective basis and to carry out foreclosures, for example. We monitor your titles and achieve success – even for your written-off claims.