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.
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 Bangladesh
– Location of office in Bangladesh
– Number of Staff
– How long been operating in Bangladesh
We are operating in Bangladesh since 1976
– What type of debts do you recover?
We do both commercial debt collection (B2B) and consumer debt collection (B2C)
– Statute of limitation in Bangladesh
Statute of limitation in Bangladesh is one (1) year
– How EU laws effect debt collection in Bangladesh?
No effect of EU laws debt collection in Bangladesh
– How many registries in Bangladesh for businesses? (i.e. UK just has 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 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 case 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 cse and the legal expenses are carried by the client.
– Average length of time to collect?
Length of time to collect is vary from case to case.
– Can late payment fees / interest be added to claims?
No late fees/interest can be added
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.