Kosovo 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 Kosovo
Location of debt recovery office in Kosovo?
Pristina. All debt collection letters are sent by the local head office.
Number of debt collection staff?
26 staff. 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 Kosovo?
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.
Statute of limitation in Kosovo
If you haven’t start the legal procedure before 3 years from the issuing date of the invoices and before 20 years from the issuing date of the loans you will loos the right to claim this debt.
How EU (European Union) laws effect debt collection in Kosovo?
No effect yet
How many companies registries in Kosovo for businesses (i.e. UK has just 1 central registry)?
1 central registry in Kosovo
General comments regarding process in Kosovo for debt collection and how differs from UK / other European countries:
What is the debt collection process in Kosovo?
Call Centre, Field Visit, Legal and Bailiff if is needed
We have three teams, call centre including staff that prepare the debt recovery letters and skip trace, field visitors and legal staff. Our debt manager help us to process large number of accounts, each staff has a user in the system and manage up to 500 cases. We are working with 90+ days late accounts. Also system score the accounts in three categories based of the risk (High Risk, Moderate Risk and Low Risk), this help us to design the strategy for each segment. For costumers that we have no info, are colored in gray.
Average length of time to collect a debt?
Can late payment fees / interest to be added to claims?
– Can late payment fees / interest be added to claims?
We can add up to 8% interest
Details on legal service / process in Kosovo?
Our legal staff prepare the proposal for bailiff office (bailiff is a separate entity), if the debtor appeal the case then we will go to court)
Kosovo Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. There are around 38 000 registered enterprises operating in Kosovo, 93.1% of which are micro enterprise. We provide freshly investigated Kosovo business 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.
Kosovo Tracing Agents
Creditreform’s debt collection company service also uses expert local Kosovo 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 Kosovo 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 the 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.