Bahrain 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 Bahrain
– Location of office in Bahrain
– Number of staff in Bahrain
– How long been operating in Bahrain
– What type of debts do you recover?
We recover both commercial (B2B) and consumer (B2C) debts
– Statute of limitation in Bahrain
For rentals it is 5 year for returned cheques it is 10 years and for trades it is 15 year.
– How EU laws effect debt collection in Bahrain?
No effect as our Courts can action the cases base on the agreement origins, moreover, we mainly practice the English laws, while our constitution is basically the translation of the French constitution.
– How many registries in Bahrain for businesses? (i.e. UK just has 1 central registry)
Only one registry in Bahrain
– What is the process in Bahrain?
It’s very similar to the process in the UK.
– Average length of time to collect?
– Can late payment fees / interest be added to claims?
Not possible as it is against sharia law.
Yet in some exceptions only if stated in the general agreement between the debtor and the creditor.
There are many unique requirements to recovering international debts in all countries including Bahrain 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 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 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.