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 Faroe Islands
Faroe Islands is an autonomous province of the Kingdom of Denmark. Debt collection cases for Faroe Islands are handled by our Denmark partner whose head office is in Brøndby (near the capital Copenhagen).
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 this case Faroese is spoken by 90% of the population. We understand the local cultures and know all the legal processes. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas.
4. Statute of Limitation in Faroe Islands
3 years but there are many special exemptions so whatever the age please contact us and we will advise if we can assist with your claim