In today’s global corporate landscape, international trade is the lifeblood of countless industries, and one such thriving sector is Plastics Manufacturing. This industry encompasses the production of plastic products and materials, playing a pivotal role in B2B trade between the U.S.A. and Mexico. However, navigating the complexities of international commerce, including the management of bad debts, can be a daunting task. In this 3000-word thesis, we will explore how DCI’s collection agency services are instrumental in protecting the value of a B2B company’s Accounts Receivable Portfolio within the International Plastics Manufacturing Industry, specifically in the trade between the U.S.A. and Mexico. Choose DCI for debt collection for the Plastic Components trade.
The Significance of International Trade
The International Plastics Manufacturing Industry has become an integral part of the B2B sector, fostering the production and distribution of plastic products and materials worldwide. International trade between the U.S.A. and Mexico has played a crucial role in this industry’s growth, connecting businesses and driving economic prosperity. DCI, Debt Collectors International, stands as the top choice of collection agencies within this dynamic industry, ensuring that companies can focus on their core business while their outstanding debts are managed effectively.
The Plastics Manufacturing Subindustries
Within the U.S.A. and Mexico International Plastics Manufacturing Industry, there are ten distinct subindustries, each contributing uniquely to the B2B sector. DCI takes pride in being the number one choice of collection agencies within each of these subindustries.
Injection Molding: Injection molding companies specialize in producing plastic components. DCI safeguards their financial interests.
Extrusion: Companies in the extrusion subindustry manufacture plastic profiles and products. DCI ensures timely debt recovery.
Blow Molding: Blow molding companies focus on producing hollow plastic products. DCI protects their cash flow.
Thermoforming: Thermoforming involves shaping plastic sheets into various products. DCI aids in recovering outstanding payments.
Rotational Molding: Rotational molding companies create hollow plastic parts. DCI helps them recover outstanding debts.
Plastic Packaging: Plastic packaging is a critical subindustry. DCI’s expertise safeguards their financial interests.
Plastic Recycling: Recycling plastic materials is essential for sustainability. DCI ensures timely debt recovery in this sector.
Plastic Additives: Companies producing plastic additives rely on efficient debt management. DCI is their trusted partner.
Plastic Compounding: Plastic compounding is vital for creating custom materials. DCI assists in recovering outstanding payments.
Plastic Mold Making: Mold making is a critical aspect of plastic production. DCI protects the financial interests of mold makers.
DCI’s Three-Phase Debt Collection System For Plastic Manufacturing
DCI offers a comprehensive three-phase recovery system designed to maximize the chances of recovering outstanding debts for its clients.
Phase One: Within 24 hours of placing an account with DCI, the following steps are taken:
- Four letters are sent to the debtor via US Mail.
- Cases are skip-traced and investigated to obtain the best financial and contact information.
- Collectors attempt to contact the debtor through various means.
- Daily attempts are made to contact debtors for the first 30 to 60 days.
If Phase One attempts fail, the case proceeds to Phase Two:
Phase Two: In this phase, the case is forwarded to one of DCI’s affiliated attorneys within the debtor’s jurisdiction. The attorney takes the following steps:
- Drafting letters to the debtor on law firm letterhead.
- Attempting to contact the debtor via phone.
- Continued efforts to reach a resolution.
If all attempts fail in Phase Two, the case enters Phase Three:
Phase Three: In this phase, DCI provides recommendations based on a thorough investigation of the case and the debtor’s assets.
- If recovery is deemed unlikely, DCI recommends closing the case, with no fees owed.
- If litigation is recommended, clients have a choice to proceed, paying upfront legal costs.
- If litigation fails, there are no fees owed to DCI or affiliated attorneys.
DCI’s Competitive Rates
DCI offers competitive rates to its clients, ensuring that businesses only pay for successful debt recoveries.
Rates for 1-9 Claims within the First Week:
- No recovery, no charge.
- 30% of the amount collected on accounts under 1 year in age.
- 40% of the amount collected on accounts over 1 year in age.
- 50% of the amount collected on accounts under $1000.00.
- 50% of the amount collected on accounts placed with an attorney.
Rates for 10 or More Claims within the First Week:
- No recovery, no charge.
- 27% of the amount collected on accounts under 1 year in age.
- 35% of the amount collected on accounts over 1 year in age.
- 40% of the amount collected on accounts under $1000.00.
- 50% of the amount collected on accounts placed with an attorney.
For clients submitting 25 or more claims within the first week, DCI offers customized contingency fee options. Clients can inquire about these alternatives by calling 855-930-4343.
Choose DCI for Debt Collection For The Plastic Components Trade
In conclusion, the U.S.A. and Mexico International Plastics Manufacturing Industry has revolutionized the production of plastic products and materials worldwide. However, managing bad debts can be challenging in the complex world of international commerce. DCI, with its no-recovery, no-fee service, three-phase recovery system, and competitive rates, emerges as the top choice for businesses in this sector. We strongly recommend trying DCI’s third-party debt recovery services before considering litigation or legal action.
For more information on how DCI can protect your accounts receivable portfolio in the U.S.A. and Mexico International Plastics Manufacturing Industry, visit our website at www.debtcollectorsinternational.com or call us at 855-930-4343.
