Brunei Darussalam 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 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 Brunei Darussalam
Location of debt recovery office in Brunei Darussalam ?
14, 1st Floor, Jaya Setia Square, Spg 13, Jalan Komersial Jaya Setia, Berakas, Bandar Seri Begawan BB2713, Brunei Darussalam.
All debt letters are sent from the local office or partners’ main address
Number of debt collection staff?
4 lawyers and 21 staffs. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response results from debtors.
How long have you been operating a debt recovery service in Brunei Darussalam ?
10 years, since 2009
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.
Statute of Limitation in Brunei Darussalam?
6 years
How EU (European Union) laws affect debt collection in Brunei Darussalam?
No real effect
How many companies registries in Brunei Darussalam for businesses (i.e. UK has just 1 central registry)?
1 company registry
General comments regarding the process in Brunei Darussalam for debt collection and how differs from UK debt collection and other European countries:
What is the debt collection process in Brunei Darussalam?
Pre court debt collection processes include debt recovery letters, emails, telephone calls and site visits where viable.
Average length of time to collect a debt?
Depends on age, size and whether the debt collection case is being disputed
Can late payment fees / interest to be added to claims?
Contractually agreed late payment fees and interest can be claimed. Post judgment interest is 6% p.a.
Details on legal service / process in Brunei Darussalam ?
Non applicable
Brunei Darussalam 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 Brunei Darussalam 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 Brunei Darussalam 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.
