Mozambique 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 Mozambique
Location of debt recovery office in Mozambique
Beira (Head Office), Tete, Nampula, Nacala and Pemba (Centre an North Region).
All debt collection letters are sent by the local offices.
Number of staff
15 Lawyers and 2 Trainees
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 been operating debt recovery service in Mozambique
What type of debt collection services do you recover? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C) debts?
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.
How EU (European Union) laws effect debt collection in Mozambique?
How many company registries in Mozambique for businesses? (i.e. UK just has 1 central registry)
Also one registry, but in many cases a difficult access to a information. There is not online information.
General comments regarding process in Mozambique for debt collection and how differs from UK debt collection and other European countries:
What is the debt collection process in Mozambique?
Extra judiciary, judiciary debt collection. All cases are initiated by a debt recovery letter.
Average length of time to collect a debt?
Depends. Judiciary collection we cannot compromise with a length of time
Can late payment fees / interest be added to claims?
A lawyer cannot make his fees depends 100% of the result of the collection. Is legal to charge interests. But if the parties have not agreed to default interest, the lender will only charge the statutory commercial interest rate of 7% per annum (the average bank interest rate is at 19% per annum)
Mozambique is in economic and financial crisis now. But will be one of the fastest growing African countries in the next 5 years. Because of the huge gas development industry in the Cape Delgado Province where we have an office in the capital: Pemba.
Mozambique 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 Mozambique 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.
Mozambique Tracing Agents
Creditreform’s debt collection company service also uses expert local Mozambique 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 Mozambique 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.