Liberia 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 Liberia
Location of debt recovery office in Liberia?
Number of debt collection staff?
How long have you been operating a debt recovery service in Liberia?
About Eighteen (18) years
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
Our Firm can do all types of debt recovery
We do both commercial debt collection (B2B) and consumer debt collection (B2C)
Statue of Limitation in Liberia?
Seven (7) years
How EU (European Union) laws effect debt collection in Liberia?
Legitimate foreign debt adjudged abroad maybe enforceable through Liberian Courts.
How many companies registries in Liberia for businesses (i.e. UK has just 1 central registry)?
There is only one registry in Liberia (Liberian Business Registry (LBR)
General comments regarding process in Liberia for debt collection and how differs from UK / other European countries:
What is the debt collection process in Liberia?
Court Action of Debt is taken. Twenty-five percent (25%) payment is required upfront and the remainder is divided into 12 equal payments to be spread over a 12 month period.
Average length of time to collect a debt?
One (1) year
Can late payment fees / interest to be added to claims?
Yes, 6% with other penalties
Details on legal service / process in Liberia?
Service is personal. If Corporation or Business, then on an officer or director.
Debt action is brought through the county’s debt court or through the National Commercial Court.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Liberia 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.