Honduras 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.
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 Honduras:
Location of debt recovery office in Honduras?
We are located in the City of La Ceiba, Department of Atlantida.
All debt collection letters are sent by the local head office.
Number of debt collection staff?
There are THREE (3) partners and Three (3) Assistants.
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 Honduras?
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 Honduras?
Actions, Rights and Obligations arising from a Civil/Commercial contract are considered as extinguished after TEN (10) years from the Date that the Collection action could have been executed.
How EU (European Union) laws effect debt collection in Honduras?
Any CONTRACT entered with People or Corporations located or legally registered in Honduras may be enforced within the limits of Honduras’ laws and procedures.
How many companies registries in Honduras for businesses (i.e. UK has just 1 central registry)?
All Businesses MUST be registered with the Honduran Tax Authority (“Servicio de Administracion de Rentas” or “SAR”), but They also must be registered at both the Local Commercial Register Office and the Municipality/City where their operation is located.
What is the debt collection process in Honduras?
The process starts with a Notice sent directly from the Attorney’s office, offering a Settlement option and as a way to avoid Court Expenses and Fees.- If the Notice is not attended, then a Lawsuit may be filed, using the document support that the Creditor may have.- A formal Notification is made through the Court, to allow for the Debtor to pay or contest the claim; if contested, the procedure will require the PROOF to support the origin of the Credit and the default of the Debtor.
Average length of time to collect a debt?
The Court process shall take at least SIX (6) months, starting on the Date of the Court notification. The most complicated aspect of the collection is usually the location of the Debtor; several times We’ve been trying to locate a Debtor that, at the end, has closed operations or simply gone away.
Can late payment fees / interest to be added to claims?
All Obligations that are in default are subjected to compensation (interest) and that shall be added to the original debt. A standard SIX PERCENT (6%) interest is estimated by the Court if there is no other compensation agreed between the parties and supported with documents.
Details on legal service / process in Honduras?
We are used to provide collection services to several Banks and businesses, using simple notes and visits to the Debtors as support for the Collection Notice and to try to arrange a payment schedule.- The decision of using Court actions depends on the Client and, if the decision is made, We usually provide an estimation of success, based on the history of the Debtor and our preliminary actions.
Honduras Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We provide freshly investigated Honduras 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.
Honduras Tracing Agents
Creditreform’s debt collection company service also uses expert local Honduras 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 Honduras 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.