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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 Colombia

We cover all 32 departments in Colombia. Our local office is in Bogota the capital of the country enabling us to recover debts throughout the entire country.

 

 

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 the case of Colombia Spanish is spoken by 99% 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 Colombia

It varies from 6 months to 10 years – averaging 3 years. Note 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:

 




Colombia Debt Collection – No Win No Fee

 

Creditreform operates a global specialist International debt collection 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.

Due to the weak economic situation in Colombia debtor days are ever increasing and companies and businesses are taking longer to pay their debts and bills. The legal system is very slow and expensive and pre court and out of court settlements should always be attempted first. It can years to reach a conclusions through the courts. However, in a successful action all costs and interest are normally recoverable

Alternative Dispute Resolution (ADR) methods have increased on recent years and are the preferred method once the pre court Colombia debt collection processes have failed. The settlement agreements achieved through this process are binding and legally enforceable.

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:

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

 

Herewith details of our debt collection service Colombia:

–       Location of office in Colombia:
Bogota, D.C.

–       Number of staff:
5

–       How long been operating in Colombia:
37 years

–      What type of debts do you recover?
We do both commercial (B2B) and consumer (B2C) debts

–       Statute of limitation in Colombia
It varies from 6 months to 10 years – normally 3 years

–       How many registries in Colombia for businesses? (i.e. UK just has 1 central registry)
There is a central register which receives information from the different Chambers of Commerce, (i.e. Bogota, Medellin, Cali, Barranquilla, etc)

–       What is the process in Colombia?
It is done with the civil judges.

–       Average length of time to collect?
2 years

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

–       Details on legal service / process in Colombia
You can initiate mediation in some cases or directly initiate executory proceedings directly at court.
The paper trail of the debt has to be documented and in some cases, original signed documents by debtor are required.

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

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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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