St Kitts & Nevis 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:
- 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 St Kitts & Nevis
Location of debt recovery office in St Kitts & Nevis?
Basseterre, St. Kitts. All debt collection letters are sent by the local head office.
Number of debt collection staff?
Currently we have a total of eight (8) members of staff – three (3) Attorneys-at-Law and five (5) administrative members.
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 St Kitts & Nevis?
Since 2016 but over 16 years experience
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 St Kitts & Nevis?
In respect of matters with their basis in contract (generally debt collection matters are based in contract law), the limitation period is six (6) years from the date the cause of action accrued (from the date of default in debt collection cases).
How EU (European Union) laws effect debt collection in St Kitts & Nevis?
European Union laws do not generally have any effect on debt collection in St. Kitts and Nevis.
How many companies registries in St Kitts & Nevis for businesses (i.e. UK has just 1 central registry)?
There are three (3) company registries within St. Kitts and Nevis – one (1) in St. Kitts and two (2) in Nevis. Of the two registries in Nevis, one is dedicated to onshore and local companies while the other is dedicated to International Business Companies and all matters falling within the “offshore” umbrella.
General comments regarding process in St Kitts & Nevis for debt collection and how differs from UK / other European countries:
What is the debt collection process in St Kitts & Nevis?
Usually, the process is commenced with the issuance of a pre-action debt recovery letter detailing the debt owed, the basis for such and demanding that the sums be paid within a certain timeframe. If the debt is not paid within the said timeframe, then court proceedings are initiated to recover the debt.
Average length of time to collect a debt?
This varies based on which stage in the process the debt is paid. If the debtor pays pursuant to the pre-action letter, then it would be within the demanded length of time. However, if court proceedings have to be initiated, the length of time depends on which level court the matter is commenced in and if the debtor admits liability or contests the claim.
Can late payment fees / interest to be added to claims?
Late payment fees have to be pursuant to the contract which forms the basis of the debt. In respect of interest, if there is contractual interest that continues to accrue between filing and the date of judgment. Upon obtaining judgment, the contractual interest no longer accrues. In the High Court, there is statutory interest which accrues from the date of judgment to payment. However, there is no statutory interest for matters in the Magistrate’s Court. Matters are filed in the Magistrate Court where the debt is up to EC$25,000.00. For debts in excess of EC$25,000.00, the claim has to be instituted in the High Court.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including St Kitts & Nevis 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.