French Polynesia 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:
- The local cultures
- The languages
- The laws
- Are in the same time zones
Herewith details of our debt collection service French Polynesia
– Location of office in French Polynesia
– Number of staff
– How long been operating in French Polynesia
– What type of debts do you recover?
We do both commercial debt collection (B2B) and consumer debt collection (B2C)
– Statute of limitation in French Polynesia
5 years – same as France but with exceptions.
– How EU (European Union) laws effect debt collection in French Polynesia
Polynesia is included in French territory but with plenty of autonomy.
– How many company registries in French Polynesia for businesses? (i.e. UK just has 1 central registry)
2 Registries: One for the commercial companies and a second for individual activities.
– What is the debt collection process in French Polynesia?
Mail, telephone, e-mail and internet and field investigation. We haven’t no fix postal address but only postal box address
For the investigation we need to work with two language: French / Tahitian. Many people on the islands don’t speak french.
– Average length of time for debt recovery?
It depends of the amount but currently but about five monthly payments.
– Can late payment fees / interest be added to claims?
Yes, legal interest and fees
– Details on legal service / legal process in French Polynesia
The delay – the most important thing to understand in French Polynesia is to accept a delay.
The legal process is the same as France. 1st : Order to pay + time for appeal + service by bailiff + summons + seizure of accounts We can handle ourselves in the legal process until EUR 10,000 above which we need a lawyer. We have an agreement with two lawyers for a package of approximately EUR 2,500 for the fully process (excluding bailiff)
We have a particularity. Polynesia is as vast as Europe so we have a “judicial time” to add for the far archipelago.
Cash is commonly used in French Polynesia with around 50% of collected each month in cash and only 5% used the credit card.
There are many unique requirements to recovering international debts in all countries including French Polynesia 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.