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 Panama

Panama is divided into 10 provinces bordering Costa Rica and Colombia. Our local office is in the capital and most populous city Panama City meaning we are centrally located to recover debts throughout all of Panama.

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 the case of Panama the most widely spoken is Spanish as well as many indigenous languages. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas.

4. Statute of Limitation in Panama

7 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:

  • Full name & address of the debtor
  • All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s)
  • Amount owed (Invoice(s) or Statement will help)


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


    Panama 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:

    1. The local cultures
    2. The best methods of initiating debt recovery letters and processes
    3. The languages
    4. The laws
    5. Are in the same time zones

    Herewith details of our debt collection service Panama

    Location of debt recovery office in Panama?

    Panama City. All debt collection letters are sent by the local head office.

    Number of debt collection staff?

    18 people make up our team. 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 Panama

    We have 3 years of operating and our customers can attest to our effectiveness.

    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.

    From debts of contractual, extra-contractual origins, private or governmental; to loans between people. As long as the origin is lawful, we make the collection.

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

    Since, our activity is carried out within Panama, where we are also located, the legislation of other countries does not affect us in the course of our business, since the country is sovereign and the law that applies is domestic.

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

    In Panama it is similar, there is only one state registry office.

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

    What is the debt collection process in Panama?

    Initially, we kindly contacted the debtors urging them to pay the debt in the least possible amount of payments. If the approaches are unsuccessful, we evaluate together with the client the convenience of engaging in the corresponding legal process.

    Average length of time to collect a debt?

    Once the case is assigned, we carry out a brief patrimonial investigation of the debtors and, within a maximum period of 30 days, we must have obtained a result of the collection management.

    Can late payment fees / interest be added to claims?

    Late charges and, interest, as long as they are not contrary to the law can be demanded.

    Details on legal service / legal process in Panama

    Legal services in Panama are provided solely and exclusively by qualified lawyers or law societies. The civil jurisdiction is eminently formalistic and follows the Spanish model.

    Panama 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 Panama 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.

    Panama Tracing Agents

    Creditreform’s debt collection company service also uses expert local Panama 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 Panama 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.

    “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
    “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
    “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
    “I have worked with Creditreform for many years and always received a first class service. Keep up the good work”
    Russell Hardwick, MSC Industrial