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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 Ethiopia

Ethiopia is divided into 9 regional states and 2 chartered cities one of which is the capital city Addis Ababa. Our local office is in Addis Ababa meaning we are centrally located to recover debts throughout all of Ethiopia.

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 Ethiopia the most widely spoken are Oromo by 33% and Amharic by 29% of the population. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas.

4. Statute of Limitation in Ethiopia

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:

 




Ethiopia 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 Ethiopia

Location of debt recovery office in Ethiopia

Addis Ababa

Number of debt collection staff

Four staff

How long have you been operating a debt recovery service in Ethiopia

Twenty years.

What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?

We have no specialization in debt collection but we have proceeded to court on behalf of a client.

Statue of Limitation in Ethiopia

10 years for contractual debts

How EU (European Union) laws effect debt collection in Ethiopia?

It does not

How many companies registries in Ethiopia for businesses (i.e. UK has just 1 central registry)

There is a federal registration for all trading business and there is a comprehensive commercial code regulating businesses. The Ministry of Trade is the main registry organ, however,, foreigners go through the Investment Commission for any registration.

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

What is the debt collection process in Ethiopia

Either consensual or judicial, if an individual chooses judicial then collection will be made using judgment of a judge and the execution department of the court.

Average length of time to collect a debt?

If it is through court then that will depend on the work load of the courts. The current average of length of a court case in Ethiopia right now is two years.

Can late payment fees / interest to be added to claims?

Yes, however it depends on the court judgment. The court may rule with or without the interest.

Details on legal service / process in Ethiopia

Only licensed or authorized individuals can bring the case to court, However, the judgment creditors can also bring their case before the court then the court after hearing both sides and evaluating evidence will give judgment and instruct the executive organ to implement the judgment.

Specialist Debt Recovery Experts

There are many unique requirements to recovering international debts in all countries including Ethiopia 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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