Cameroon 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 Cameroon
Location of debt recovery office in Cameroon
Number of debt collection staff
7 members of staff
How long have you been operating a debt recovery service in Cameroon
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 (B2B) and consumer (B2C) debts
Statue of Limitation in Cameroon
Proceedings need to be commenced within 5 years from the date when the debt is due
How many companies registries in Cameroon for businesses (i.e. UK has just 1 central registry)
There is a registry at every court of First Instance
What is the debt collection process in Cameroon
Prepare and service a notice to pay on debtor. If no payment is received , apply to the court for an Order directing the debtor to pay the full outstanding balance of a liquidated debt within a prescribed period contained within the Court order or apply to the court for the order to be set aside. If the order is set aside, then the creditor will need to file a suit and proceed by why of a contested civil action. If the debtor does not apply to set aside the Order within the prescribed time or pay the amount owning, the court order becomes final and enforceable and can not be the subject of any appeal.
Average length of time to collect a debt?
12 to 36 weeks
Can late payment fees / interest to be added to claims?
Yes, they can form part of a civil claim in a contested suit . Whether or not they can be claimed as part of the liquidated debt by way of a simplified recovery procedure will depend on the interpretation of the clause in the contract between the parties giving raise to late payment / interest.
Details on legal service / process in Cameroon
The court will generally require creditors to pay a deposit into court as security for costs.
We will normally require all relevant documentary evidence giving raise to the debt.
There may be additional costs to be incurred in investigations in order to identity debtors and their assets in order to assess the viability of any recovery proceedings
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Cameroon 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 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.