Uruguay 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 Uruguay
– Location of office in Uruguay
– How long been operating in Uruguay
– What type of debts do you recover? Do you do commercial (B2B) and consumer (B2C) debts?
We work with commercial and consumer debts recoveries.
– Statute of limitation in Uruguay
We recover Judicial debts and Extrajudicial debts. For judicial debts, the statute of limitations is 4 years, but we work extrajudicial debts without age limits.
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 Uruguay?
In reference to the collection process in Uruguay, the company interested in contract our services, send us a list of past due credits that could not collect, to entrust the collection.
Immediately, these debts are sent to our management department to begin working on their recovery, where a collection strategy is prepared based on the information provided by the company and the inquires that are made.
A first communication with the debtor is attempted, and in case of not reaching a payment agreement, the possibility of initialising judicial proceedings is evaluated.
The company can send us a debt already recharged with interest or not. In case of not having it calculated, we can make the calculation and add it to the initial debt.
Our work methodology is adapted to the collection strategy that the contracting company wants, allowing it to recover its unpaid debts quickly and efficiently.
There are many unique requirements to recovering international debts in all countries including Uruguay 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.