Peru 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:
- The local cultures
- The languages
- The laws
- Are in the same time zones
Herewith details of our debt collection service Peru
Location of debt recovery office in Peru?
Number of debt collection staff?
How long have you been operating a debt recovery service in Peru?
We have been operating since 1986 and continue doing to date.
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
We do recover debts of all types and origin, including commercial and consuming debts.
Statue of Limitation in Peru?
The Statute of Limitations in Peru is ten (10) years as of the debt should have been paid.
How many companies registries in Peru for businesses (i.e. UK has just 1 central registry)?
Peru has also one central registry for all types of companies called SUNARP.
What is the debt collection process in Peru?
The process of collection in Peru differs from the ones in U. K., USA and other European countries in the sense that there are not many regulations as in the mentioned countries, because most of the processes of collections in Peru are undertaken by lawyers, who do not need a license to do it.
Average length of time to collect a debt?
Average length of time to collect in Peru is is six months approximately.
Can late payment fees / interest to be added to claims?
Late payment fees and interest can added to the claim. However, most of the creditors must resigne them, because debtors usually do not accept to pay them. Therefore, it is a success if we collect at least the principal.
Details on legal service / process in Peru?
Legal action is the ultimate decision we recommend because it could last at least three years and it is time consuming, costly and hazardous.
Debt collections in Peru are very difficult. Recovering via lawsuit is almost impossible without a complete document and communication trail with the debtors. It is essential to have a properly structured contract and proof of delivery – including purchase orders and all other documentations.
Unless the Peruvian debtor has a genuine interest in building or maintaining a relationship with the creditor, he will often “hide” behind the slow, cumbersome legal system which is often unfriendly to foreign creditors. This is the case for claims under USD 20,000 where the amount involved is too small to warrant the cost of proceeding with a legal action.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Peru 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 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.