Jordan Debt Collection Services – 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 Jordan:
The local International Debt collection Partners know:
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.
All debt collection letters are sent by the local head office.
Number of debt collection staff?
Our law firm staff is as follows: ( 7) senior lawyers, ( 2) lawyers under training, (3) administrates.
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 Jordan?
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.
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
Statue 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 (European Union) 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 companies registries in Jordan for businesses (i.e. UK has just 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 a debt?
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 to 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
Jordan 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 Jordan 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.
Jordan Tracing Agents
Creditreform’s debt collection company service also uses expert local Jordan 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 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.