Kyrgyzstan 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 Kyrgyzstan
Location of debt collection office in Kyrgyzstan
Bishkek. All debt collection letters are sent by the local head office.
Number of staff
How long been operating a debt recovery service in Kyrgyzstan
What type of debt collection services do you recover? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C) debts?
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 Kyrgyzstan
General term – 6 years relating to tax matters
How EU laws effect debt collection in Kyrgyzstan?
No impact of EU laws was noticed before.
How many company registries in Kyrgyzstan for businesses? (i.e. UK just has 1 central registry).
Ministry of Justice, Kyrgyzstan
General comments regarding process in Kyrgyzstan for debt collection and how differs from UK debt collection and other European countries:
What is the debt collection process in Kyrgyzstan?
Process is quite generic: amicable collection – sending official reclamation (pretension letter) – legal actions.
Average length of time to collect a debt in Kyrgyzstan
Our average is 70 – 90 days.
Can late payment fees / interest be added to claims?
Details on legal service / legal process in Kyrgyzstan.
In majority of cases pre-legal procedure (sending official reclamation) should be observed; otherwise court rejects claim.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Kyrgyzstan debt collection services which differ from the UK debt collection agency services 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.