Egypt 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.
In Egypt, debt collectors are normally lawyers rather than international debt collection agencies. The majority of debt cases relate to import and export with languages and documentation issues causing many problems and delays in payments. Utilising an expert in this field will not only improve the chances of a successful recovery but also help expedite the processes.
Our Egypt debt collection partner is very experienced in the collection processes and always endeavours to achieve a speedy transfer of outstanding amounts recovered to creditors. Their long standing professional techniques are very successful and they have the ability to restore working relationship between debtors and creditors. They are strong believers that is always best to try and resolve a debt collection dispute amicably rather than through a costly and often lengthy legal action. Therefore a greater effort is always made to communicate with the debtor, identify and resolve their issues quickly which will then result in a speedy successful resolution for all parties concerned. Also regular updated reports are sent to keep clients informed of all developments.
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 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 Egypt
Location of debt recovery office in Egypt
Cairo & Alexandria. All debt collection letters are sent by the local offices.
Number of debt collection staff
25. 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 Egypt
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 Egypt
How many companies registries in Egypt for businesses (i.e. UK has just 1 central registry)
2 registries in Egypt
Can late payment fees / interest to be added to claims?
Egypt 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 Egypt 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 Egypt 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.