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.
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 Kosovo
– Location of office in Kosovo
– Number of staff
– How long been operating in Kosovo
– What type of debts do you recover?
We do both commercial debt collection (B2B) and consumer debt collection (B2C)
– 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 company registries in Kosovo for businesses? (i.e. UK just has 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 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?
– Can late payment fees / interest be added to claims?
We can add up to 8% interest
– Details on legal service / legal 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)
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.