Suriname 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 Suriname
Location of debt recovery office in Suriname
Paramaribo. All debt collection letters are sent by the local head office.
Number of staff
5 (two lawyers and one paralegal and administrative personnel)
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 been operating debt recovery service in Suriname
What type of debt collection services do you provide? Do you do commercial debt recovery(B2B) and consumer debt recovery(B2C) debts?
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.
Statute of limitation in Suriname
This period varies according to the nature of the case.
How EU (European Union) laws effect debt collection in Suriname?
EU law does not affect debt collection in Suriname with this exception that parties involved can contractually determine the law applicable or rules of Private International Law.
How many company registries in Suriname for businesses? (i.e. UK just has 1 central registry)
Only one – The local Chamber of Commerce and Factories
What is the debt collection process in Suriname?
Collection of a debt starts with a summon by bailiff followed – if necessary – by a lawsuit (possibly with provisional attachment/ precautionary seizure)
Average length of time to collect a debt?
one year to three years
Can late payment fees / interest be added to claims?
Late payment fees must be stipulated prior. If a lawsuit starts, from the day that a Judge gives permission to proceed a yearly interest of 6% can be claimed. The defendant can also be condemned to pay costs incurred for the lawsuit (governmental fee; bailiff costs and sometimes even lawyers fee).
Details on legal service / legal process in Suriname
Due to a lack of Judges legal proceedings take longer than necessary
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Suriname 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.