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How to Instruct Us
We simply require the following details:
Full name & address of the debtor
All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s)
Amount owed (Invoice(s) or Statement will help)
Or ask us to call you – just leave us your details:
Case Study - EUR 6,500 recovered from Ivory Coast Debtor
Initiation of Case
A long standing UK client located near Northampton had a debt of EUR 6,500 against a debtor in Abidijan, Ivory Coast. The debt related to products purchased. There were no known disputes and regular contact was made by the client chasing the account but without success.
Debt Collection Processes
Upon receipt of the case we forwarded it to our local approved partner in Ivory Coast. They then immediately sent the initial dunning letter to the debtor stating the amount owed and a deadline to pay. Our local partner made contact with the debtor and within a few weeks of chasing the payment in full was made direct to our client.
Summary
As usual the client was more than satisfied with the efficiency and professionalism of our services provided and the processes used by our local partner.
Ivory Coast Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only. All our international offices and partners initiate the collection processes by sending the debtors a debt collection letter to introduce their involvement.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows:
The local International Debt collection Partners know:
The local cultures
The best methods of initiating debt recovery letters and processes
The languages
The laws
Are in the same time zones
Herewith details of our debt collection service Ivory Coast:
Location of debt recovery office in Ivory Coast?
Côte d’Ivoire, Abidjan-Plateau, Tropic Building 3, 2nd Floor, Door D21, 25 PO BOX Abidjan 24
All debt collection letters are sent by the local head office.
Number of debt collection staff?
10 persons. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response results from debtors.
How long have you been operating a debt recovery service in Ivory Coast?
We have been operating an African debt collection service on a no win no fee basis in Ivory Coast for over 14 years. Ivory Coast is included on our debt collection agency list.
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
We handle both Business to Business debt recovery cases and Business to Consumer debt collections cases. There is different content for business to business debt collection letter templates and business to consumer debt collection letters templates.
Statue of Limitation in Ivory Coast?
Five (5) years for commercial affairs and Thirty years for civil affairs.
Ivory Coast civil litigation statute of limitations is a law that time limits a plaintiff’s right to bring a claim against a defendant. The statute of limitations in Ivory Coast is 5 years. However, if an action has been taken within this time then the statute of limitations time will be extended to account for this. Once the specified time period elapses then no action can be taken through the legal processes unless the plaintiff is able to prove exceptional circumstances.
How EU (European Union) laws effect debt collection in Ivory Coast?
A decision issued by the European Union may be enforced for debt collection in Côte d'Ivoire by exequatur proceeding.
Cote D’Ivoire (Ivory Coast) is in discussions over a free trade agreement (FTA) with the European Union (EU) in which was provisionally applied for in 2016. This is referred to as the Stepping Stone Economic Partnership Agreement between Côte d'Ivoire and EU. The signatures will be obtained in Abidjan and Brussels.
Côte d'Ivoire (Ivory Coast) has also signed a free trade agreement (FTA) as part of The Economic Community of West African States (ECOWAS or CEDEAO in French) which included 16 African states together with the European Union (EU) in 2014. This is referred to as the Economic Partnership Agreement between the ECOWAS and the European Union. The other ECOWAS member states are Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone and Togo.
How many companies registries in Ivory Coast for businesses (i.e. UK has just 1 central registry)?
Ivory Coast does not have one central registry. Trade registers are attached to the registry of the courts in charge of commercial affairs. As a result, we have several trade register in proportion to the number of courts in charge of commercial affairs.
There is 1 company registry in Ivory Coast which is called Center for Investment Promotion - CENTRE DE PROMOTION DES INVESTISSEMENTS EN COTE D'IVOIRE located at 2nd floor MEMANOU building Boulevard Clozel, Plateau - Abidjan (General management), Plateau - Abidjan, Côte d’Ivoire
We have access to Ivory Coast Company Registry searches to find out who further background information on all Ivory Coast companies.
What is the debt collection process in Ivory Coast?
Amicable debt collection initiated by debt recovery letters.
Judicial recovery of debt
Average length of time to collect a debt?
The average time taken to recover a Ivory Coast B2B debt collection case varies from case to case.
Can late payment fees / interest to be added to claims?
Yes, fees can be added for Ivory Coast debt collection cases according to local law.
Details on legal service / process in Ivory Coast?
Legal proceedings in ivory coast begin with a prior friendly settlement. Failing that, legal proceedings are initiated by way of summons
Ivory Coast Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We provide freshly investigated Ivory Coast Credit Reports which can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed.
Ivory Coast Skip Tracing Agents
Creditreform’s debt collection company service also uses expert local Ivory Coast tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Ivory Coast debt collection services which differ from the UK debt collection agency services and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.
Ivory Coast Debt Collection Partners in the following Ivory Coast Cities
What is the legal system in Ivory Coast (Cote D’Ivoire)?
The Ivory Coast (Cote D’Ivoire) legal system is based on the French civil law system.
Who are the main trading partners for Ivory Coast?
Which countries border Ivory Coast?
What is the Supreme Court in Ivory Coast?
The Supreme Court for Ivory Coast is called the 'Supreme Court of the Ivory Coast'
Ivory Coast (Cote D’Ivoire) Debt Collection Agency FAQs
1. How does a Debt collection agency in Ivory Coast (Cote D’Ivoire) recover overdue debts?
The debt collection process is initiated by an introductory letter to your debtor stating the amount owed to you and informing them of our involvement. Letters are then followed up with emails and telephone calls. From our experience the most effective part of this process will be the outsourcing to a third party debt collection agency in Ivory Coast (Cote D’Ivoire) as the debtor now has to resolve the debt and can no longer hide or provide lame excuses.
2. How long does the debt recovery agency in Ivory Coast (Cote D’Ivoire) take to process a case?
The debt collection case will be processed immediately up receipt and a letter sent normally by email and post. You will receive an automated confirmation by return.
3. What is the success rate for debt collection agencies in Ivory Coast (Cote D’Ivoire)?
The success rate of the debt recovery case depends on a number of factors including the solvency of the debtor and whether the case has a legitimate dispute. Our aim is to recover every debt that is recoverable.
4. Does the debt recovery agency in Ivory Coast (Cote D’Ivoire) operate a No Win No Fee debt collection?
We take on all debt collection cases on No Win No Fee basis only charging the agreed commission against monies recovered.
5. Why use a local debt recovery agency in Ivory Coast (Cote D’Ivoire)?
The reasons for using a local Ivory Coast (Cote D’Ivoire) debt collection agency than processing from a different country is the debt collector in Ivory Coast (Cote D’Ivoire) speaks the local language, knows the local laws and operates in the same time zones.
6. Are there any debts too old or too small for Ivory Coast (Cote D’Ivoire) debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Ivory Coast (Cote D’Ivoire) debt collector.
7. How do I instruct the debt collectors in Ivory Coast (Cote D’Ivoire)?
Instructing the debt collectors Ivory Coast (Cote D’Ivoire) is a simple process. You just email details of the debt, debtor and amount to be recovered and the case can be initiated.
8. What evidence do I need to provide when instructing the Ivory Coast (Cote D’Ivoire) debt collector?
When instructing the debt collector in Ivory Coast (Cote D’Ivoire) just provide copies of invoices/statements, debtor contact details and any relevant information you may have to assist with the recovery process.
9. Who does the debtor pay?
In general the debt collector in Ivory Coast (Cote D’Ivoire) will request payments to be sent directly to the client but if not possible for any reasons will take payment directly. If payment is taken then cleared funds will be processed and sent to client straight away.
10. Can I instruct multiple cases?
You can send unlimited debt case instructions. Our systems will automate volume cases to meet your requirements.
11. Can you trace debtors in Ivory Coast (Cote D’Ivoire)?
Through our network of skip tracing agents we have an extremely high success rate of locating your absconded debtor.
12. How long does the debt collection process take?
On average the debt collections process takes 90 days to resolve an amicable debt recovery case. There are a number of factors that can delay this process but we will keep you informed every step of the way.
13. What are my options if debt collection in Ivory Coast (Cote D’Ivoire) is not successful?
If the debt recovery service is not successful we will advise you of your options including legal actions. Please note no legal actions or other processes will be taken without prior instruction from you.