Andorra 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 Andorra
– Location of office in Andorra
Andorra debt collection is handled by our Spanish Partner who has its head office in Madrid
– Number of staff
– How long been operating in Andorra
Over 15 years
– What type of debts do you recover? Do you do commercial (B2B) and consumer (B2C) debts?
We recover both commercial debt collection (B2B) and consumer debt collection (B2C)
– Statute of limitation in Andorra
For commercial debts it is 5 years
– How EU laws effect debt collection in Andorra?
Really it does not have effect because although European laws are applicable directly most of debtor just pay principal amount and does not pay interest and cost unless there is judgment.
– How many registries in Andorra for businesses? (i.e. UK just has 1 central registry)
General comments regarding process in Andorra for debt collection and how differs from UK / other countries in Europe
– What is the debt collection process in Andorra?
Debts are processed through our partner’s office based in Madrid.
– Average length of time to collect?
Upto 12 months depending on whether the debts are being contested.
– Can late payment fees / interest be added to claims?
Yes interest according our commercial ruling about default in payments ( very high since invoice is due) Procurator and lawyer costs
– Details on legal service / process in Andorra
Same processes as in Spain
There are many unique requirements to recovering international debts in all countries including Andorra debt collection services which differ from the UK and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from the UK office. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK office base 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.