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1. Costs – No Win No Fee!

Having long standing relationships with all our overseas partners we have agreements to provide these services on a NO WIN NO FEE basis charging the agreed commission rate against monies recovered only.

2. Coverage in Montenegro

Montenegro is divided into 24 municipalities with the most populous region and capital city being Podgorica. Our local office is in Podgorica so we are centrally located to recover debts throughout all of Montenegro.

3. Local Experience

Unlike many of our competitors all cases are handled by the local office or partner. The reasons for this are they speak the debtors’ language, in this case Montenegrin and Serbia are the most widely spoken. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas.

4. Statute of Limitation in Montenegro

3 years but there are special exemptions so whatever the age please contact us and we will advise if we can assist with your claim

How to Instruct Us

We simply require the following details:

PLEASE CALL US ON 0121 442 5330 FOR FURTHER DETAILS

Or ask us to call you – just leave us your details:

 




Montenegro 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:

  1. The local cultures
  2. The languages
  3. The laws
  4. Are in the same time zones

Herewith details of our debt collection service Montenegro:

Location of debt recovery office in Montenegro

Podgorica

Number of staff

3 staff

How long been operating a debt recovery service in Montenegro

Since 1986

What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?

Both B2B and B2C

Statute of limitation in Montenegro

3 years between companies (unless debtor and creditor are from countries that are signatories of the Convention on the Limitation Period in the International Sale of Goods in which case if 4 years)

10 years between companies and individuals

How EU (European Union) laws effect debt collection in Montenegro?

So far, EU law has no direct impact on Montenegro, but Montenegro’s legislation has been adapted to EU laws in the last years, with Montenegro’s intention to become a member of the EU.

How many company registries in Montenegro for businesses? (i.e. UK just has 1 central registry)

One registry

General comments regarding process in Montenegro for debt collection and how differs from UK debt collection and other European countries:

What is the debt collection process in Montenegro?

The debt collection process begins by filing a claim with the public enforcement office. If the public enforcement office decides positively on our request, he makes a decision on debt collection that is sent to the creditor and the debtor. The debtor has the right to appeal against the said decision to the court. In deciding upon appeal, the court may refuse the appeal, accept appeal, or refer the case to litigation.

Average length of time to collect a debt?

The average length of debt collection depends on whether an appeal has been filed against the decision of the public enforcement office and how the court will decide on the appeal. If no appeal is filed, the procedure ends in 10-15 days (of course, if the debtor has funds in his account). If the court refers the case to litigation, the proceedings takes about 12-16 months.

Can late payment fees / interest be added to claims?

Yes.

Details on legal service / legal process in Montenegro

The enforcement process is quite effective, but of course a lot of it depends on the document on the basis of which we initiate debt. Specifically, it is important to prove that the debtor has been informed of the existence of the debt, that the document which forms the basis for the payment shows the date of issue and the due date. If it is a debt collection due to the delivery of goods, it is advisable that we also have proof that the goods have been delivered.

As far as more details are concerned, in each particular case we would let you know what our estimate is for success and whether it is necessary to complete the documentation in some way.

Specialist Debt Recovery Experts

There are many unique requirements to recovering international debts in all countries including Montenegro 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.

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“We are pleased with the friendly and efficient service of Adrian Harding and staff at Creditreform in collecting outstanding overdue debts on our behalf. Some accounts, especially those located overseas have been difficult customers but we are pleased with the high rate of success. We also appreciate that they keep us informed and constantly updated on the progress of the collection”
Bryan de Beer, Phoenix Fragrances
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“Within 48hrs of Creditreform being involved a resolution was agreed and within the week paid in full. The professionalism of the Creditreform team was second to none and I would and indeed do recommend them to colleagues in a similar difficult position This situation was the first time we have had to employ a company for debt recovery and it was good to feel that you have someone else ‘on your side’.”
Dean Lake, Lake Contracts
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“We have been using Credit Reform for a number of years now and we have always been dealt with in a professional and friendly way. Over time, Creditreform have managed to achieve good results for us. Would definitely recommend.”
Anna Zhakrova, Catering Hygiene Specialists Ltd
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“I have worked with Creditreform for many years and always received a first class service. Keep up the good work”
Russell Hardwick, MSC Industrial
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