We are changing the negative image of the debt collection industry
Wir behandeln alle Beteiligten stets fair und auf Augenhöhe und sorgen so gezielt für gegenseitiges Verständnis und eine Lösung der Situation.
Kunden als auch Rechnungsempfänger erhalten jederzeit Einblick über offene Forderungen und Vereinbarungen.
Aufgrund unserer eigenen Technologie arbeiten wir vollständig digital und unabhängig von SaaS-Anbietern. So können wir uns nahtlos in alle technischen Prozesse integrieren und Automation schaffen.
Durch individuelle Ansprache der Rechnungsempfänger optimieren wir auch basierend auf kundenspezifischen Projekten die Erfolgsquoten nachhaltig.
Mit einem teil unserer Erlöse unterstützen wir nachhaltige oder soziale Projekt und Organisationen, oft auch in Absprache mit unseren Kunden.
How we work
Communication and understanding are the be-all and end-all, therefore
- we communicate based on scientific methods
- we allow for individual arrangements and agreements
- we use different channels like letter, email, phone & SMS
- we take time for every concern
- we offer individual solutions such as instalment payments, deferments or settlements
What we offer you as a customer
Our standard services
- Extrajudicial and judicial dunning proceedings
- Monitoring and enforcement of titled claims
- Information and credit checks
Our added values
- Integration and individual set-up of our collection process to suit each company philosophy
- 100% transparency in all receivables processes including all costs incurred
- High customer satisfaction despite collection phase thanks to our phone support
- Online access to our system and real-time communication
- Demand for payment by a lawyer as an additional escalation stage before a judicial dunning procedure
Thanks to our own technology, we are more powerful – contact us for business cases!
This means that our work processes are optimally tailored to us and our customers.
Out-of-court dunning procedure
We play fair & transparent
In the out-of-court dunning procedure, you assign the asserted collection costs to us in a manner customary in the market.
The asserted interest on arrears remains with you.
We charge a flat rate per case handed over, which – fairly and transparently – is based on the achieved success rate of your claims.
Additional services can be booked individually and integrated into your dunning process.
With us there is no fixed term or membership – we convince with our performance.
We check in advance, without obligation, whether legal dunning proceedings make any sense at all from an economic point of view.
Should this be the case, we will try to obtain a title for you at the statutory fees, which can be enforced at any time.
If the debtor cannot pay the debt immediately due to various circumstances, we take over the monitoring at fair conditions.
Through regular, cost-effective reviews of your client’s financial circumstances, we check within the 30-year statutory period whether there is still a chance of recovery.
We want to achieve more – together with you.
1159 Finance stands for responsible action and supports social or sustainable projects and organizations with part of its proceeds.
For example, as a member of the Network for Leverkusen we support social projects, as a partner of the Fortuna Cologne football club we support young footballers and as a member of the German Association of Small and Medium-Sized Businesses (BVMW) we support the Future Forest project.
As a partner of 1159 Finance, you also have the opportunity to support a project or an organization of your choice with part of the proceeds you generate. Just talk to us.
Our technical expertise
Partners & Associations
Around 500 companies from the field of receivables management are organized in the Federal Association of German Debt Collection Companies (BDIU) . Our membership is subject to the supervision of the association, which in particular also includes the Code of Conduct , which we implemented with effect from October 1st, 2020.
As a member company of the BDIU, we guarantee you a conscientious, fair and proper implementation of your receivables management.
The Federal Association of Small and Medium-Sized Businesses (BVMW) is the leading, non-partisan association for the political representation of the interests of German small and medium-sized businesses. In addition to membership, we are particularly involved in the digitalisation of processes and new approaches to approaching debtors.
Together with other members and business consultancies, we support you in the area of digital transformation.
Deutsche Post Adress is the market leader for address updates and research. Their ADRESSRESEARCH solution bundles various relocation and deceased databases and also provides an interface to more than 5,000 residents’ registration offices. Thanks to the seamless integration , we provide a fully automated process.
In addition, we use a Deutsche Post database to validate the validity of the address sent to us when you create your claim, even before the first letter.
SCHUFA Holding AG is Germany’s leading solution provider of credit reporting and information services for companies and consumers. As a partner company, we have access to more than 1 billion stored information from 68 million people and 6 million companies as part of our receivables management.
In addition, as part of this partnership, we are constantly developing further offers that we integrate into our software.
We stand for your success
1159 Finance GmbH
Telephone: +49 (2173) 999 2160