Dominican Republic 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.
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 Dominican Republic
Location of debt recovery office in Dominican Republic?
27 de Febrero Av. No. 210, Suite 203, El Vergel, Santo Domingo, Dominican Republic.
All debt collection letters are sent by the local head office.
Number of debt collection staff?
Seven staff. 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 Dominican Republic?
Over 10 years
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.
Statute of Limitation in Dominican Republic?
How EU (European Union) laws affect debt collection in Dominican Republic?
How many companies registries in Dominican Republic for businesses (i.e. UK has just 1 central registry)?
One based in Santo Domingo
General comments regarding the process in Dominican Republic for debt collection and how differs from UK debt collection and other European countries:
What is the debt collection process in Dominican Republic?
All pre litigation debt collection cases are dealt with via debt recovery letter cycles, telephone calls and emails. Site visits can be arranged where necessary
Average length of time to collect a debt?
This depends on the nature, age and size of debt together with any known disputes. Straight forward cases are usually resolved within 3 months
Can late payment fees / interest to be added to claims?
Yes but are not always recoverable.
Details on legal service / process in Dominican Republic?
The Dominican Republic is a civil law jurisdiction and its litigation system is roughly similar to those of other Spanish-speaking Latin American countries, with the salient exception that most of its substantive and procedural law is French-based as opposed to Spanish-based, on account of its history and geography.
Dominican Republic 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 Dominican Republic 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 Dominican Republic debt collection services which differ from the UK debt collection agency services 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.