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1. Costs – No Win No Fee!

Having long standing relationships with all our overseas partners we have agreements to provide these services on a NO WIN NO FEE basis charging the agreed commission rate against monies recovered only.

2. Coverage in Cambodia

Cambodia is divided into 25 provinces with the capital and most populous province being Phnom Penh. Our local office is situated in the Phnom Penh so we are centrally located to recover debts throughout all of Cambodia.

3. Local Experience

Unlike many of our competitors all cases are handled by the local office or partner. The reasons for this are they speak the debtors’ language, in this case of Cambodia is spoken by 90% of the population. We understand the local cultures and know all the legal processes. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas.

4. Statute of Limitation in Cambodia

5 years for B2B claims and 3 years for B2C but there are special exemptions so whatever the age please contact us and we will advise if we can assist with your claim

How to Instruct Us

We simply require the following details:

PLEASE CALL US ON 0121 442 5330 FOR FURTHER DETAILS

Or ask us to call you – just leave us your details:




Cambodia 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 a debt collection agency UK are as follows:

The local International Debt collection Partners know:

  1. The local cultures
  2. The languages
  3. The laws
  4. Are in the same time zones

 

Herewith details of our debt collection service Cambodia

Location of debt recovery office in Cambodia?

Phnom Penh

Number of debt collection staff?

6 employees

How long have you been operating a debt recovery service in Cambodia?

Since 2012

What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?

We recover both commercial debt collection (B2B) and consumer debt collection (B2C)

Statue of Limitation in Cambodia?

B2B: 5 years
B2C: 2 years

How EU (European Union) laws effect debt collection in Cambodia?

We have not foreseen any issue on this.

How many companies registries in Cambodia for businesses (i.e. UK has just 1 central registry)?

Only one central registry in Cambodia

General comments regarding process in Cambodia for debt collection and how differs from UK / other European countries:

What is the debt collection process in Cambodia?

There are 3 steps: Negotiation, then Demand Letter from lawyer, then court

Average length of time to collect a debt?

Around 1 month for process outside court or 5 to 1 year for court process.

Can late payment fees / interest to be added to claims?

Legally yes if it is stated in the agreement but in practice, it depends on the intention of the parties for claim outside court. For court, yes, compensation for damage may be claimed.

Details on legal service / process in Cambodia?

Outside court, lawyer can negotiate with the debtor and/or issue a demand letter to the debtor.

Small claim mostly, it is difficult to do it through court and we are not willing to handle small claim at court.

Specialist Debt Recovery Experts

There are many unique requirements to recovering international debts in all countries including Cambodia 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.

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“We are pleased with the friendly and efficient service of Adrian Harding and staff at Creditreform in collecting outstanding overdue debts on our behalf. Some accounts, especially those located overseas have been difficult customers but we are pleased with the high rate of success. We also appreciate that they keep us informed and constantly updated on the progress of the collection”
Bryan de Beer, Phoenix Fragrances
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“Within 48hrs of Creditreform being involved a resolution was agreed and within the week paid in full. The professionalism of the Creditreform team was second to none and I would and indeed do recommend them to colleagues in a similar difficult position This situation was the first time we have had to employ a company for debt recovery and it was good to feel that you have someone else ‘on your side’.”
Dean Lake, Lake Contracts
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“We have been using Credit Reform for a number of years now and we have always been dealt with in a professional and friendly way. Over time, Creditreform have managed to achieve good results for us. Would definitely recommend.”
Anna Zhakrova, Catering Hygiene Specialists Ltd
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“I have worked with Creditreform for many years and always received a first class service. Keep up the good work”
Russell Hardwick, MSC Industrial
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