Costa Rica 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.
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 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 Costa Rica:
– Location of office in Costa Rica
San Rafael de Escazú (province of San José)
– Number of staff
– How long been operating in Costa Rica
– What type of debts do you recover?
Both commercial (B2B) and consumer (B2C) debts
– Statute 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 laws effect debt collection in Costa Rica?
EU laws or other foreign laws do not have any effect.
– How many company registries in Costa Rica for businesses? (i.e. UK just has 1 central registry)
Costa Rica has only 1 company registry.
– What is the 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 ha a huge jam in courts. It does take to long.
– Average length of time to collect?
Depends where collection takes place, but larger cities have more problems.
– Can late payment fees / interest 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.
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.