Belize 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 Belize
– Location of office in Belize:
Punta Gorda Town, Toledo
– Number of staff:
– How long been operating in Belize:
– What type of debts do you recover? Do you do commercial (B2B) and consumer (B2C) debts?
We do ALL types of debts. Belize do not categorize them.
We recover both commercial debt collection (B2B) and consumer debt collection (B2C)
– Statute of limitation in Belize:
– How EU (European Union) laws effect debt collection in Belize?
Does not. Just depends on country of jurisdiction via a contract is a contract is used.
– How many company registries in Belize for businesses? (i.e. UK just has 1 central registry)
Only one but does offshore and local.
General comments regarding process in Belize for debt collection and how differs from UK / other European countries:
– What is the debt collection process in Belize?
Collection in Belize is not organized therefore there are many crooks who get into the business and collect people’s money then disappear. Many individuals offer the service but only offer partial service. We offer the complete service from account statement to incarceration. We get the statement, do the calls, visits, do the entire court process including serving (we are process servers) and court representation to the various summons (distress and judgement) then finally incarceration for non payment.
– Average length of time to collect?
Varies tremendously. If the debtor pays quickly that’s it. Once it goes to court this process takes about 6 months before you can get a judgment. Once judgement is done no guarantee of payment. To run through the entire legal process takes about a year and thereafter still no guarantee of payment. Our court system here in Belize is pathetic
– Can late payment fees / interest be added to claims?
Yes but is discouraged by the Courts. The way to get around that is to include the fees as part of the statement by generating an invoice for the fees. Once the paperwork from the business has the disclaimer that collection fees will be added on for non payment this point can be argued in court for acceptance. However – at the end of the day it is up to the sitting Magistrate to decide.
– Details on legal service / legal process in Belize.
Due to the economic condition of Belize collection business has seen a huge increase. However, very few people are actually paying and the court process does not work. The tactic often used to collect is public shaming via facebook or a list of debtors release to the news media or printed in the newspaper.
There are many unique requirements to recovering international debts in all countries including Belize debt collection services which differ from the UK debt collection agency services 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 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.