Morocco 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 Morocco
Location of debt recovery office in Morocco?
Casablanca. All debt collection letters are sent by the local head office.
Number of debt collection staff?
Our firm employs 8 people shared between secretarial and collection services.
We also have contractors among the lawyers and bailiffs.
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 Morocco?
Since 2014 with over 25 years experience in the judicial field as a magistrate.
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.
Our firm intervenes for the benefit of:
– Large, medium and small businesses
– Health producers
Statue of Limitation in Morocco?
The limitation periods of commercial debt in the Moroccan legislation are multiple and a little complicated, but in general they vary between six months and five years.
How EU (European Union) laws effect debt collection in Morocco?
The recovery of local claims from international creditors in Morocco is subject to Moroccan law within the framework of the principle of territorial law. In general, laws in Morocco are in some cases influenced by French laws.
How many companies registries in Morocco for businesses (i.e. UK has just 1 central registry)?
The Moroccan trade register is made up of local registers and a central register.The local register is held by the secretariat-registry of the competent commercial court.The Central Trade Register is maintained by the Administration (Ministry of Industry and Commerce).
What is the debt collection process in Morocco?
Generally, in Moroccan law there are two types of debt recovery
1. Amicable recovery
2. Judicial collection
The latter is multiple, since the procedure to be initiated depends mainly on the supporting documents held by the creditor.as an example, with bills of exchange or an acknowledgment of debt, one can initiate the order to pay but with an unpaid invoice must file an application before the commercial court.Regarding the average duration of recovery, we can not provide either for amicable recovery or judicial because it depends on several reasons.
Can late payment fees / interest to be added to claims?
Late payment interest on payment terms is currently set at 5.25%.In general, judicial recovery proceedings in Morocco are mostly long, especially if you do not choose a good lawyer. We work in collaboration with several law firms and bailiffs which allows us to have recovery cases in reasonable time. We are always at your disposal for more information.
Morocco 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 Morocco 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.
Morocco Tracing Agents
Creditreform’s debt collection company service also uses expert local Morocco 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 Morocco 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 the UK office. 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.