Turkey Debt Collection Services – No Win No Fee
Creditreform has offices through Europe and Turkey with specialist International debt collection services. We also have fully approved and expert international debt collection partners in every country worldwide. All our International debt collection 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 Turkey:
Location of office
Yakuplu Merkez Mah., Hürriyet Cad., 67.Sokak, No:2, Ofis 10
Number of staff
14 staff on the field, 14 lawyers and lawyer offices, 10 underwriters, Infoline and IT staff, administration.
How long been operating in Turkey
More than 10 years now
Type of debts you do recover?
We recover both types of debts (B2B, B2C)
Statute of limitation in Turkey
General statute of limitation is 10 years. However, statue of limitation is 5 years for the disputes regarding rental fees, retainer and agency contracts, contracts of construction. Statue of limitation is 2 years for the disputes arising from tort.
What is the process fro Turkey Debt Collection?
In Turkey, our judicial system is part of civil law, so many of our laws are very similar with the law systems of Germany, Switzerland and Italy. So there is no jury system, one or three judges conclude lawsuits in case of dispute.
Our main way to solve disputes between private persons is to file a lawsuit. However, we have to apply mediation phase first before filing a lawsuit in labour issues and commercial disputes.
For debt collection, main way is to send execution order to counter party via execution offices. If your receivable is not derived from the court order or cheque and promissory note and thecounter party objects the execution order,
then the execution proceeding will be stopped and we need to file lawsuit for the cancellation of their objection. But if they don’t object, the execution order will be finalized and we have a right to seize their bank accounts, movable and immovables until we collect the all receivables.
Can late payment fees / interest be added to claims
You need to pay fees first when you want to enter judicial process. In case the court order ends up in your favor, counter party has to pay the fees and you can also add the interest of your claims when you push into default counter party with warning letter or/claim/execution order.
Details on legal service / process in Turkey
The judicial system in Turkey is working slow (i.e. the finalization of lawsuits takes approx. 2-3 years) due to the quantity of lawsuits especially in metropolitan regions and number of officially qualified staff.
There are many obstacles, legal gaps and frequent law amendments in Turkish Legislation, so when you need to take any legal action, you should retain a lawyer to handle the whole process.
There are many unique requirements to recovering international debts in Turkey which differ from the UK and therefore it is very important that cases are handled directly by our our expert international debt collection agencies and not from debt collections 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 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.