Georgia 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 Georgia
– Location of office in Georgia
Tbilisi
– Number of staff
20
– How long been operating in Georgia
Since 2015
– What type of debts do you recover?
We recover both commercial (B2B) and consumer (B2C) debts
– Statute of limitation in Georgia
3 years, unless submitted to court.
– How EU laws effect debt collection in Georgia?
Very limited influence. In 2019 first regulation to debt buyers came in force. Debt collection is still almost unregulated.
– How many registries in Georgia for businesses? (i.e. UK just has 1 central registry)
1 central registry
– What is the process in Georgia?
General process is quite similar to most in Europe. Initially soft collection via phone/mail is performed, in certain cases physical visit is possible. Then there is court collection possible, either in fast procedure, or general procedure. The process might take from 3 to 12 months to reach bailiff phase in standard claim cases. However, most of the outcome is generated in pre-trial settlement – after the claim is submitted to the court, but before it actually is reviewed by the court.
– Can late payment fees / interest be added to claims?
Yes, if such are included in the contract.
– Average length of time to collect?
The process might take from 3 to 12 months to reach bailiff phase in standard claim cases.
There are many unique requirements to recovering international debts in all countries including Georgia 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 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 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.
