Macedonia Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collection 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 Macedonia:
Location of debt recovery office in Macedonia?
Number of debt collection staff?
5 Attorneys at law
How long have you been operating a debt recovery service in Macedonia?
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
Both commercial (B2B) and consumer (B2C) debts
Statue of Limitation in Macedonia?
Claims shall become time barred in five years.
Mutual claims of contractual parties arising from contracts for exchange of goods and services become time barred within a period of three years.
The claim of rent becomes time barred within a period of three years.
A claim of compensation of damage becomes time barred in a period of three years after the damaged party has found out about the damage or the party causing the damage. In any case this claim becomes time barred within five years after the damage has been caused.
How EU (European Union) laws effect debt collection in Macedonia?
European laws are effective only if Macedonia is a signatory and has ratified them.
How many companies registries in Macedonia for businesses (i.e. UK has just 1 central registry)?
One Central Registry
What is the debt collection process in Macedonia?
The collection process usually starts with sending warning letter to the debtor and startling negotiation for out of court settlement of debt. In case, the debtor agrees with the terms and conditions proposed by the creditor, is to be prepared an Out of court agreement for settlement, signed by both parties. In case not to be achieved out of court agreement for settlement of the debt, the creditor has a right to initiate a court procedure in front of the competent court and after bringing the final and effective decision for the case the debtor does not react positively, the creditor can initiate an execution procedure for debt collection in front of the competent executor.
Average length of time to collect a debt?
Approximately 3 (three) years
Can late payment fees / interest to be added to claims?
Yes they can be added.
– Details on legal service / legal process in Macedonia:
The legal services is to be initiated by side of an authorized person/attorney at law with submitting an appropriate power of attorney
In the extrajudicial debt collection procedure it can be agreed recovery of the debt to be with or without interest, dependently of the consensus achieved by the both sides. In the execution procedure the recovery of the debt is always with interest.
Macedonian Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. There are about 100,000 entities entered in the Macedonia register. These include Private Limited Company, Public Trade Company, Limited Partnership, Associations and Sole Traders. Through our online databases you can download Macedonian business credit reports instantly. This 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.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Macedonia 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 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.