Belgium Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collection 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. Belgium debt collection process is very similar to the UK.
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 Belgium:
– Location of office(s) in Belgium:
– Number of staff:
– How long been operating in Belgium:
– What type of debts do you recover?
We do both commercial (B2B) and consumer (B2C) debt collections
– Statute of limitation in Belgium:
– How EU laws effect debt collection in Belgium?
Although there are many European legislations, we can work with our national laws.
– How many registries in Belgium for businesses? (i.e. UK just has 1 central registry)
1 registry in Belgium – KBO – Kruispuntbank voor Ondernemingen
– What is the process in Belgium?
We first send a letter/mail. In B2C we send also a registered letter. After 10 days we send a second letter, a warning that the file will be transferred to the lawyer. Then we try a phone conversation. Our in-house lawyer send a last letter, again after 10 days. We try to settle/close in 1 month.
– Average length of time to collect?
– Can late payment fees / interest be added to claims?
We can add interests, a penalty clause and a file cost (maximum 40€).
– Details on legal service / process in Belgium
Our lawyers work under the same conditions. The costs for the bailiff have to be paid in advance. They are added to the claim and have to be settled by the debtor.
We have an own software-system that allows us to cover big quantities of files. They are processed the same day. Our clients receive also a login so they can check the status of their files whenever they want. They are always updated on the same day.
There are many unique requirements to recovering international debts in all countries including Belgium 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 collections 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.