Saudi Arabia 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 Saudi Arabia
Location of debt recovery office in Saudi Arabia
One office in Jeddah but we provide our services in Riyadh and Dammam as well
Number of debt collection staff
15 ( 10 lawyers, 5 other)
How long have you been operating a debt recovery service in Saudi Arabia?
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
Both B2C and B2C debts
Statute of limitation in Saudi Arabia
PN’s 3 years , bank checks 1 year, labour dispute 1 year, disputes involving banks as plaintiff 5 years (there are different Statute of limitation depending on case type)
How EU laws effect debt collection in Saudi Arabia?
How many registries in Saudi Arabia for businesses? (i.e. UK just has 1 central registry)
One central commercial registrar
General comments regarding process in Saudi Arabia for debt collection and how differs from UK / other countries in Europe
Average length of time to collect a debt?
Can late payment fees / interest be added to claims?
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Saudi Arabia 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.