Jordan Debt Collection Services – 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 Jordan:
– Location of office(s) in Jordan
We only have one location that covers all Jordan that is in Amman
Our head office is in the capital of Jordan that is Amman.
– Number of staff
Our law firm staff is as follows: ( 7) senior lawyers, ( 2) lawyers under training, (3) administrates.
– How long been operating in Jordan
– What type of debts do you recover?
We recover both commercial (B2B) and consumer (B2C) debts.
We have been involved with banking payments, insurance payments, commercial entities debt, renting payments, credit cards payments, bounced checks value collection, telecommunication bills, hospitals bills, IT companies bills, purchase debts, damages and losses payments, purchase payments, etc
– Statute of limitation in Jordan
There is no limitation on debt collection process except what the law forbid any claim and/or act from doing by lawyers
For example, there is no collection law in Jordan that organize and explain the collection process, but all lawyers refer to the Civil code and the Commercial Code articles in there collection process
– How EU laws effect debt collection in Jordan?
EU Laws does not effect Debt Collection in Jordan because Jordan do not have any Debt Collection Laws, its only lawyers experience and lawyers code with experience in Collections Process, Practices & Methods
– How many registries in Jordan for businesses? (i.e. UK just has 1 central registry)
In Jordan there is also one registry that is company controller and the department of companies control at the ministry of industry and trade.
– Average length of time to collect?
From our experience the average length to collect is depending in more than one factor
(A)-cooperation of the client
(B)Financial states of the debtor
(C)-His ability and willingness to settle or he is not
(D)-Amount of debt that is need to be collected
(E) other factors to consider
Usually the first (2) two months (60 Days) will give a great idea about the debt collection statues and length of time.
If the client approves and the debtor signs a settlement agreement and delivers on agreed payment according to the agreement then it will be a matter of time but we always insist not to collect for more than (18) months as what banks do settle interiorly, unless the debt amount is big amount then we may extend the period of collection
– Can late payment fees / interest be added to claims?
According to the applicable law in Jordan , a lawyer cannot request any interest on any late payment unless the lawyer file in front of court his client claim and the court will only judge the amount with interest from the date the law suit is filed but not outside the court
There are many unique requirements to recovering international debts in all countries including Jordan 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.