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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 El Salvador

El Salvador is divided into 14 departments with the capital San Salvador. Our local office is in La Libertad department which is just southwest of San Salvador ensuring we are centrally located to recover debts throughout all of El Salvador.

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 El Salvador Spanish is spoken by almost the entire population . These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas.

4. Statute of Limitation in El Salvador

10 years but 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:

 




El Salvador 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.

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 El Salvador

–       Location of office in El Salvador
Antiguo Cuscatlán, La Libertad (southwest of San Salvador)

–       Number of staff
14 staff

–       How long been operating in El Salvador
Since 2014

–      What type of debts do you recover? Do you do commercial (B2B) and consumer (B2C) debts?
We can provide services to recover both types of debts.

–       Statute of limitation in El Salvador
In El Salvador, the statute of limitation for debt collection is 10 years if the debt has an enforceable title, and 20 years if not. An enforceable title certifies the claim and grants the collector the right to demand compliance of said title, and the Salvadoran law of Civil Procedures enable these titles to be enforced through a brief and shorter procedure.

–       How EU (European Union) laws effect debt collection in El Salvador?
El Salvador has its own debt collection regulation, and is not affected by EU laws.

–       How many company registries in El Salvador for businesses? (i.e. UK just has 1 central registry).
In El Salvador 1 mandatory registry is required for businesses, in the Commercial Registry.

General comments regarding process in El Salvador for debt collection and how differs from UK / other European countries:

–       What is the debt collection process in El Salvador?
The process for judicial collection is as follows:
– A claim is filed at the Civil and Mercantile Courts, requesting payment of the obligation through garnishment.
– If the claim is admitted by the Court, without opposition by the defendant, a writ of garnishment is issued to confiscate the property that the Court indicates.
– In case of opposition, a hearing will be held to settle the conflict between the parties.
– After the hearing, the Court will pronounce a final judgment, in order to officially pay the debt with the garnished goods, either by selling it or awarding it to the plaintiff.

–       Average length of time to collect?.

The estimated time for debt collection is 9 months to a year and a half.

–       Can late payment fees / interest be added to claims?
Yes, late payment fees and interest need to be added to the claim in order to be collected.

–       Details on legal service / legal process in El Salvador
The legal process can only be carried out by authorized lawyers.

The debt collection process is simpler and shorter if an enforceable title is executed.

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

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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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