Bangladesh 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 initial 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 Bangladesh
Location of debt recovery office in Bangladesh?
Chittagong. All debt collection letters are sent by the local head office.
Number of debt collection staff?
20 staff. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response result s from debtors.
How long have you been operating a debt recovery service in Bangladesh?
We are operating in Bangladesh since 1976
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 Bangladesh?
Statute of limitation in Bangladesh is one (1) year
How EU (European Union) laws effect debt collection in Bangladesh?
No effect of EU laws debt collection in Bangladesh
How many companies registries in Bangladesh for businesses (i.e. UK has just 1 central registry)?
We have one central registry in Bangladesh.
General comments regarding process in Bangladesh for debt collection and how differs from UK / other countries in Europe
What is the debt collection process in Bangladesh?
After receiving a case we send a formal debt collection letter to the debtor and await for their reply for 15 days. If they do not reply then we call them and try to speak to the proprietor / managing director and set up a meeting and try to settle the debt recovery claim by negotiation.
But there are some cases where the debtor is really a hard nut and directly say they will not pay and if we want to collect we have to settle through court, in that stage if the client instructs we file a case and the legal expenses are carried by the client.
Average length of time to collect a debt?
Length of time to collect is vary from case to case.
Can late payment fees / interest to be added to claims?
No late fees/interest can be added
Bangladesh 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 Bangladesh 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.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Bangladesh 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 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.