Mongolia 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 Mongolia
Location of debt recovery office in Mongolia?
Ulaanbaatar. All debt collection letters are sent by the local head office.
Number of debt collection staff?
Several staff. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response results from debtors.
How long have you been operating a debt recovery service in Mongolia?
Over 10 years
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
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 Mongolia?
How EU (European Union) laws affect debt collection in Mongolia?
EU has little effect
How many companies registries in Mongolia for businesses (i.e. UK has just 1 central registry)?
One Registry based in Ulaanbaatar
General comments regarding the process in Mongolia for debt collection and how differs from UK debt collection and other European countries:
What is the debt collection process in Mongolia?
Pre court collection services by debt recovery letter, email, telephone and site visits where necessary
Average length of time to collect a debt?
Depends on the size, nature and age of the debt
Can late payment fees / interest to be added to claims?
Not usually recoverable
Details on legal service / process in Mongolia?
There are three court systems in Mongolia:
Administrative Cases Courts
These courts deal with matters relating to public law that are outside purely constitutional matters. The Administrative Cases Courts (ACCs) were first introduced piecemeal in some of the larger states in the late-nineteenth century with other reforms aimed at the administration of justice. Reviews were made by an independent body of all administrative acts affecting the citizenry. The main function of the ACC is to review the constitutionality of the entire range of administrative action, particularly where it encroaches on basic rights. The ACC of Mongolia was established by the State Great Hural in June 2004. The establishment of an independent ACC is an example of significant progress in the improvement of the national judicial system, thus securing and protecting human rights. They deal with the area of law concerned with disputes between the public authorities and individuals arising from the exercise of public authority, including citizens and legal persons. This is regulated by the Law on Administrative Procedure. Any disputes which arise from an administrative act and which may affect a person’s rights may be challenged before these courts. All areas of public life are covered: police, school regulations, roads, and the civil service.
Mongolia has followed the example of some other civil law countries and has established a constitutional court known as the Tsets. This court examines and settles constitutional disputes at the request of the Great Hural, the President, the Prime Minister, the Supreme Court, the General Prosecutor, on its own initiative, or on the basis of petitions received from citizens. Most of its work involves the latter and it receives around 150 petitions and requests a year. However, a substantial number of these do not fall within its jurisdiction and are transferred to the ordinary courts or other institutions. Most of the petitions that are considered concern human rights violations by state officials. For example, a recent case concerned the issue of whether the General Prosecutor breached the Constitution in the procedure adopted to investigate a complaint against a police officer.
The nine judges of the Tsets panel are appointed by the Great Hural for a term of six years. Members must be at least forty years old and experienced in politics and law. At present, eight are lawyers and one is a geologist. Four are full-time and five are part-time members. Hearings are conducted before a panel of five. Decisions on the conformity of laws, decrees or international treaties with the Constitution must be submitted to the Great Hural for approval. If the approval is refused, the Tsets will reconsider with a full panel. The decision is then final and binding. Judgments of the Constitutional Court are published in the government gazette and the government newspaper.
Some members of the legal community doubt the usefulness of having a separate court for constitutional matters and consider that its work would be better dealt with by the Supreme Court.
The General Council of Courts
In order to help ensure the independence of the judiciary, the General Council of Courts was created. It has twelve members: the Chief Justice, the General Prosecutor, the Minister of Justice, a secretary appointed by the President, two members appointed by the Supreme Court, two by the Ikh Khural, two representing the aimag and Capital City courts, and two representing the courts of first instance.
The role of the Council includes submitting proposals to the Great Hural about the judiciary’s budget, personnel and court buildings, recommending candidates for appointment to the judiciary, organizing training courses for judges, and making rank and other additional payments to judges and court officials.
Mongolia Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We provide freshly investigated Mongolia Credit Reports which 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.
Mongolia Tracing Agents
Creditreform’s debt collection company service also uses expert local Mongolia tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Mongolia 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.