Ireland Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collection 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 Ireland:
– Location of office in Ireland
Newbridge, County Kildare
– Number of staff
– How long been operating in Ireland
– What type of debts do you recover?
Both commercial (B2B) and consumer (B2C) debts
– Statute of limitation in Ireland
– How EU laws effect debt collection in Ireland?
No regulation in Ireland currently. Primary EU laws obviously apply
– How many registries in Ireland for businesses? (i.e. UK just has 1 central registry)
1 Companies Registration Office (CRO)
– What is the process in Ireland?
Tailored to client’s instruction. Standard chase path is our demand letters and calls, followed by Solicitor’s demands and calls followed by legal proceedings where applicable and requested
– Average length of time to collect?
Dependent on various factors, however it is our policy to have a debt paid, part paying or ready for legal proceedings within 40 days.
– Can late payment fees / interest be added to claims?
If debtor ‘agreed’ to same on terms of sale or if notified on invoice etc.
– Details on legal service / process in Ireland
We provide cost effective route to Judgement, particularly in undefended matters. No need to attend Court to obtain Judgement in undefended cases.
There are many unique requirements to recovering international debts in all countries including Ireland 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.
The debt collection and legal processes in Ireland are very similar to those in the UK but there are some differences such as the currency. Also if and when the UK finally leaves the European Union it will no longer be governed by its rules which could have an impact on the debt collection processes and protocols in Ireland. Debtors also respond far better to a local partner than from communications and correspondence from the UK.