The term "Inkasso" refers to the collection of overdue debts in German. This can include things like sending bill reminders, establishing payment plans, and taking legal action to reclaim delinquent debts. Inkasso is a term used in German-speaking nations that is equivalent to the term "collections" in English.
It can also refer to the process of collecting money for a third party, such as a supplier, bank, or creditor. Inkasso businesses or agencies specialize in this procedure and act as go-betweens for the creditor and the debtor.
