Iraq 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 a debt collection agency 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 Iraq
Location of debt recovery office in Iraq?
Al Mansoor District, Baghdad, Iraq
Number of debt collection staff?
How long have you been operating a debt recovery service in Iraq?
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
All types of debt recovery services
Statute of Limitation in Iraq?
How EU (European Union) laws affect debt collection in Iraq?
No real effect
How many companies registries in Iraq for businesses (i.e. UK has just 1 central registry)?
One central registry based in Baghdad
General comments regarding the process in Iraq for debt collection and how differs from UK debt collection and other European countries:
What is the debt collection process in Iraq?
Out of court debt collection process is via letter cycles, emails and telephone calls. Site visits can be made where required.
Average length of time to collect a debt?
This will depend on the size, nature and age of debt and whether there are any disputes. Canb take upto 12 months
Can late payment fees / interest to be added to claims?
Not usually recovered
Details on legal service / process in Iraq?
There have been many changes in the legal processes in recent years.
Iraq 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 Iraq 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.
Iraq Tracing Agents
Creditreform’s debt collection company service also uses expert local Iraq 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 Iraq 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.