Palau 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 Palau
Location of debt recovery office in Palau
The debts are handled by the Northern Mariana Islands partner and debt collection letters are sent by the head office.
Number of debt collection staff
5 staff (All based in Northern Mariana Islands)
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 a debt recovery service in Palau
What type of debt collection services do you provider? 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 Palau
Generally, six years.
How EU (European Union) laws effect debt collection in Palau?
EU laws could be raised as a defense in any debt collection case in the Palau, if the debt was created subject to those laws.
How many company registries in Palau for businesses? (i.e. UK just has 1 central registry)
General comments regarding process in Palau for debt collection and how differs from UK debt collection and other European countries:
What is the debt collection process in Palau?
We file suit as soon as possible after I receive the referral — usually within a week. After a judgment is obtained, either by stipulation or default, the court will issue a payment order, either upon stipulation or upon motion. The order is enforceable through contempt proceedings. Most debtors do not have property amenable to a writ of execution, although that is occasionally used.
Average length of time to collect a debt?
This depends on a number of factors, the biggest one being the debtor’s ability to pay. I have cases that settle as soon as the defendant is served with process. I also have judgments that are 25 years old and that will probably never be paid in full.
Can late payment fees / interest be added to claims?
Late payment fees and pre-judgment interest are generally allowable if specifically provided for in the contract between the parties. The maximum rate enforceable in our courts is generally 12% p/a. Post-judgment interest is fixed by statute at 9% p/a.
Details on legal service / legal process in Palau
Our court rules permit service by personal service, abode service, service at the defendant’s workplace, service on any defendant in any other jurisdiction of the USA, and “longarm” service by publication on absent defendants. The Geneva Convention on service of process is applicable.
Palau 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 Palau 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.
Palau Tracing Agents
Creditreform’s debt collection company service also uses expert local Palau 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 Palau 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.