Algeria 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.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from the UK are as follows:
The local International Debt collection Partners know:
- The local cultures
- The languages
- The laws
- Are in the same time zones
Herewith details of our debt collection service Algeria
– Location of office in Algeria
With correspondent or representative lawyers in all court of Algeria.
– Number of staff
– How long been operating in Algeria
– What type of debts do you recover?
We do both commercial debt collection (B2B) and consumer debt collection (B2C)
– Statute of limitation in Algeria
As general Rules: 15 years.
– How EU (European Union) laws effect debt collection in Algeria?
– How many company registries in Algeria for businesses? (i.e. UK just has 1 central registry)
1 Central Registry
Any general comments regarding process in Algeria for debt collection and how differs from UK / other European countries:
– What is the collection process in Algeria?
Out of court process: Due diligence – Phone call – Site visit – official request of payment.
Court process: legal action against the debtor.
– Average length of time to collect?
With an enforceable decision 02-12 months depending on the consistency of the debtor’s assets.
– Can late payment fees / interest be added to claims?
– Details on legal service / legal process in Algeria
1st degree (4 to 06 months): registration of the case – subpoena – file processing – court decision.
2nd degree (04 to 06 months): any of the parties can do an appeal against the 1st degree court decision: same legal process.
Obtain enforceable decision and execution through a bailiff.
At the court all documents must be translated in Arabic.
Official request of payment is mandatory before court process.
All property belonging to the debtor can be seized.
There are many unique requirements to recovering international debts in all countries including Algeria 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.