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.
– Location of office in Cameroon
– Number of staff
7 members of staff
– How long been operating in Cameroon
– What type of debts do you recover?
We recover both commercial (B2B) and consumer (B2C) debts
– Statute of limitation in Cameroon
Proceedings need to be commenced within 5 years from the date when the debt is due
– How many company registries in Cameroon for businesses? (i.e. UK just has 1 central registry)
There is a registry at every court of First Instance
– What is the 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?
12 to 36 weeks
– Can late payment fees / interest 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 / legal 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
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 office base 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.