Costa Rica 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 initiate the collection processes by sending the debtors a debt collection letter to introduce their involvement.
Costa Rica is a small country with an open economy. The country has a population of almost five million people, a third of which live in the metropolitan area of and around the capital, San José.
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 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 Costa Rica:
Location of debt recovery office in Costa Rica?
San Rafael de Escazú (province of San José). All debt collection letters are sent by the local head office.
Number of debt collection staff?
6. 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 Costa Rica?
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.
Statue of Limitation in Costa Rica?
Statutes of limitations are varied.
Commercial goes from 1 to 4 years.
Civil goes from 1 to 10 years.
How EU (European Union) laws effect debt collection in Costa Rica?
EU laws or other foreign laws do not have any effect.
How many companies registries in Costa Rica for businesses (i.e. UK has just 1 central registry)?
Costa Rica has only 1 company registry.
What is the debt collection process in Costa Rica?
Collection process in Costa Rica is done in Collection Courts. Although very simple in the books, the amount of collections has a huge jam in courts. It does take so long.
Average length of time to collect a debt?
Depends where collection takes place, but larger cities have more problems.
Can late payment fees / interest to be added to claims?
Yes, legal fees can be collected and interest for no more than a year.
– Details on legal service / legal process in Costa Rica.
Service of collection cases by Court can be tedious and difficult. Expenses must be provided for more expeditious served.
It is better to start with personal request of payment and threat to sue.
Costa Rica 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 Costa Rica Credit Reports 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 Costa Rica 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.