Taiwan 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 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 Taiwan:
– Location of office in Taiwan
– How long been operating in Taiwan
– What type of debts do you recover?
We recover both commercial (B2B) and consumer (B2C) debts
– Statute of limitation in Taiwan
General limitation- 15 years.
For goods sold- 2 years.
– How many registries in Taiwan for businesses? (i.e. UK just has 1 central registry)
For business entity registry (company registry) – each city government and county government
– What is the process in Taiwan?
For pre-legal collection, we send out official demand letters first via post office. Then we email and call the debtors. Negotiation is the core of our debt collection. Only in very few cases we need to perform site visits.
– Average length of time to collect?
– Can late payment fees / interest be added to claims?
If lawsuit, late payment fees/interest can be added to claims. If pre-legal collection, in most cases, these are uncollectible.
– Details on legal service / process in Taiwan
Basically, lawsuit cases should be handled directly between the creditors and the law firms. Almost all law firms can’t work on contingent fees basis. Law firms normally charge fees per trial and per enforcement. Courts’ cost and warranty also will be charged.
There are many unique requirements to recovering international debts in all countries including Taiwan 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 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.