Haiti 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 Haiti
– Location of office in Haiti
– Number of staff
We have 4 employees; however, we work with third parties: a lawyer and a bailiff if needed
– How long been operating in Haiti
Since January 2010
– What type of debts do you recover? Do you do commercial (B2B) and consumer (B2C) debts?
We recover both B2B and B2C debts
– How EU (European Union) laws effect debt collection in Haiti?
There is no specific legislation on recovery in Haiti
– How many company registries in Haiti for businesses? (i.e. UK just has 1 central registry)
The Bank of the Republic of Haiti is the regulatory body in Haiti. Since there is no law, it intervenes only when necessary.
General comments regarding process in Haiti for debt collection and how differs from UK / other European countries:
– What is the debt collection process in Haiti?
There is no legislation in this area. however, there must be a contract between the Principal and the Mandatory defining the terms and to respect.
– Average length of time to collect?
There are not any; however, it may be defined in the contract which is not of indefinite duration and which can be most often cancelled by one of the parties
– Can late payment fees / interest be added to claims?
It’s possible. We in BUREC do it in some cases depending on the type of contract involved. However, in the event of a lawsuit a prosecution fee of the order of 20% is added to the initial amount. Note: there can always be a negotiation to avoid the payment of these fees or to lower them. In Haiti, we can not proceed to the arrest of a person for debt; however, if it has diverted assets you can stop it
There are many unique requirements to recovering international debts in all countries including Haiti 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.