Slovakia Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collection 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.
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 the 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 Slovakia:
– Location of office(s) in Slovakia
1 office in Bratislava
– Number of staff
– How long been operating in Slovakia
– What type of debts do you recover?
Both commercial (B2B) and consumer (B2C) debts
– Statute of limitation in Slovakia
4 years in B2B, 3 years B2C
– How EU laws effect debt collection in Slovakia?
Problems in recovering claims of foreign creditors against consumers
– How many registries in Slovakia for businesses? (i.e. UK just has 1 central registry)
Trade register (Zivnostenský register) and Commercial register (Obchodný register = 7 regional courts)
– Average length of time to collect?
2- 3 months
– Can late payment fees / interest 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.
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.