Slovakia 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.
Creditreform was the first credit agency in Slovakia after the fall of the Iron Curtain. Today, our business group serves companies in all industries such as banks, leasing companies, large and small organisations, etc. We will take over your whole correspondence with your defaulting debtors and recover your money quickly and effectively. Our Dunning Procedure has been so well perfected and is so effective that we resolve most of the cases out-of-court. If requested, we will initiate legal proceedings against the debtor in cooperation with the best law firms. If you have any doubts about a non paying debtor the sooner you instruct us higher are the chances of success.
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 Slovakia:
Location of debt recovery office in Slovakia?
1 office in Bratislava. All debt collection letters are sent by the local head office.
Number of debt collection staff?
3 employees. 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 Slovakia?
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.
Statue of Limitation in Slovakia?
4 years in B2B, 3 years B2C
How EU (European Union) laws effect debt collection in Slovakia?
Problems in recovering claims of foreign creditors against consumers
How many companies registries in Slovakia for businesses (i.e. UK has just 1 central registry)?
Trade register (Zivnostenský register) and Commercial register (Obchodný register = 7 regional courts)
Average length of time to collect a debt?
2- 3 months
Can late payment fees / interest to be added to claims?
Only interests (legal or contractual) + 40 EUR late payment penalty in B2B
Details on legal service / process in Slovakia?
Issuing of a payment order is swiftly, in the case of opposition against court decision the proceedings could become very expensive and long. Enforcement of debts is limited by time.
Slovakia 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 Slovakia 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.
Slovakia Tracing Agents
Creditreform’s debt collection company service also uses expert local Slovakia 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.
There are many unique requirements to recovering international debts in all countries including Slovakia 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 agency in that country and not from debt collectors UK only. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collectoronly. 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.