Laos 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 a debt collection agency 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 Laos
Location of debt recovery office in Laos?
LLC Bldg, Nongbone Road, Ban Nongbone, Saysetha District, P.O.BOX 925, Vientiane, Lao PDR
Number of debt collection staff?
How long have you been operating a debt recovery service in Laos?
Over ten years
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
Undertake both B2C Debt collection and B2B debt collection services
Statute of Limitation in Laos?
How EU (European Union) laws affect debt collection in Laos?
Not applicable in Laos
How many companies registries in Laos for businesses (i.e. UK has just 1 central registry)?
Central Registry is located in Vientiane
General comments regarding the process in Laos for debt collection and how differs from UK debt collection and other European countries:
What is the debt collection process in Laos?
The best process of debt collection is to resolve by an amicable out of court method. This is initiated by an introductory letter and followed by intense communications via email or telephone. Site visits can be made where necessary
Average length of time to collect a debt?
This will all depend on the size, nature and age of the debt and whether there are any known disputes. Straight forward cases can be resolved with one month but can take up to 12 months.
Can late payment fees / interest to be added to claims?
Yes but not always recoverable
Details on legal service / process in Laos?
The legal system is based on the French processes
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Laos 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.