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. 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 Belize
Location of debt recovery office in Belize?
Punta Gorda Town, Toledo. All debt collection letters are sent by the local head office.
Number of debt collection staff?
12 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 Belize?
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 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 companies registries in Belize for businesses (i.e. UK has just 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?
Debt 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 to 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 / 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.
Belize 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 Belize Company Searches 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 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.