Equatorial Guinea 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 Equatorial Guinea
Location of debt recovery office in Equatorial Guinea
Bata. All debt collection letters are sent by the local head office.
Number of debt collection staff
Over 5 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 been operating debt collection in Equatorial Guinea
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C) debts?
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 Equatorial Guinea
The statute of limitations in Equatorial Guinea is not known.
How EU laws effect debt collection in Equatorial Guinea?
No real effect
How many registries in Equatorial Guinea for businesses? (i.e. UK just has 1 central registry)
Central Registry in Luanda
General comments regarding process in Equatorial Guinea for debt collection and how differs from UK debt collection and other countries in Europe
What is the debt collection process in Equatorial Guinea?
Amicable collection processes are recommended initiated by a debt recovery letter.
Average length of time to collect a debt in Equatorial Guinea?
Can take years to resolve
Can late payment fees / interest be added to claims?
In view of the weak court system not likely to be successful.
Details on legal service / process in Equatorial Guinea
Many years if at all to achieve a successful resolution
Equatorial Guinea 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 Equatorial Guinea 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 Equatorial Guinea 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 the UK office. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK office base 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.