Gibraltar 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.
Although Gibraltar is a British overseas territory, it has a separate legal jurisdiction from the United Kingdom. The Gibraltar economy is mainly based on shipping, tourism, financial services, and the Internet (predominately gambling).
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 Gibraltar
Location of debt recovery office in Gibraltar?
Main Street Gibraltar. All debt collection letters are sent by the local head office.
Number of debt collection staff?
18 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 have you been operating a debt recovery service in Gibraltar?
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
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.
Statue of Limitation in Gibraltar?
6 years (for contracts)
How EU (European Union) laws effect debt collection in Gibraltar?
The legal system in Gibraltar is based upon the Civil Procedure Rules applied in England & Wales in most instances.
How many companies registries in Gibraltar for businesses (i.e. UK has just 1 central registry)?
1 – Companies House Gibraltar.
What is the debt collection process in Gibraltar?
As per the Civil Procedure Rules.
Average length of time to collect a debt?
This depends entirely on the conduct of the Defendant and whether or not payment is made upon Judgment. The need to enforce a Judgment will always delay collection.
Can late payment fees / interest to be added to claims?
Interest is always in the Discretion of the Court. The Late Payment of Commercial Debts (Interest) Act 2003 provides for any qualifying debt created by contract to carry statutory interest at the rate of 8.5% per annum.
Gibraltar Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. There are over 60,000 companies registered in Gibraltar. We provide freshly investigated Gibraltar 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.
Gibraltar Tracing Agents
Creditreform’s debt collection company service also uses expert local Gibraltar tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Gibraltar 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 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.