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How to Instruct Us
We simply require the following details:
Full name & address of the debtor
All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s)
Amount owed (Invoice(s) or Statement will help)
Or ask us to call you – just leave us your details:
Argentina 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.
Argentina has a population of over 46.9 million whose ethnic groups are European (mostly Spanish and Italian descent) and Mestizo (mixed European and Indigenous ancestry) 97.2%, Indigenous 2.4% and African descent 0.4%. Argentina has increasing trade relations with China; is a G20 member and OAS leader.
The Real Gross Domestic Product (GDP) for Argentina in 2023 is estimated at $1,235 trillion (compared to $1,254 trillion in 2022). The GDP per capita fell from $27,100 in 2023 to $26,500 in 2022. The main export commodities in 2022 were soybean meal, corn, soybean oil, wheat and trucks.
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 Argentina:
Location of debt recovery office in Argentina?
Buenos Aires
However please notice we have several affiliates offices in other parts of the country. We work with them on a case basis regarding specifics needs.
All debt collection letters are sent by the local head office.
Number of debt collection staff?
Five. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response result s from debtors.
How long have you been operating a debt recovery service in Argentina?
We have been operating a South America debt collection service on a no win no fee basis in Argentina since 1971. Argentina is included on our debt collection agency list.
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 Argentina?
It depends of several factors but can be up to 10 years
Argentina civil litigation statute of limitations is a law that time limits a plaintiff’s right to bring a claim against a defendant. The statute of limitations in Argentina is 4 years +. However, if an action has been taken within this time then the statute of limitations time will be extended to account for this. Once the specified time period elapses then no action can be taken through the legal processes unless the plaintiff is able to prove exceptional circumstances. Other Statute of Limitations include:
Argentina Open Account Years – 4 years
Argentina Promissory Notes – 4 years
Argentina Written Contracts – 4 years
Argentina Oral Agreements - 4 years
How EU (European Union) laws effect debt collection in Argentina?
No effect in Argentina.
Argentina is in discussions over a free trade agreement (FTA) as part of Mercosur which includes 4 South America countries together with the European Union (EU). This is referred to as The European Union–Mercosur free trade agreement between Mercosur and the European Union who reach agreement in principle in 2019. The other Mercosur member states are Brazil, Paraguay and Uruguay.
How many companies registries in Argentina for businesses?
There is 1 company registry in Argentina which is called National Securities Commission & Ministry of Justice and Human Rights located at Sarmiento 329, Buenos Aires, Argentina. The registry was established in 1948 and is in Spanish language only.
We have access to Argentina Company Registry searches to find out further background information on all Argentina companies.
What is the debt collection process in Argentina?
Mandatory Prejudicial Mediation in the Buenos Aires city district and some others
Average length of time to collect a debt?
Two to five years maybe (legal).
The average time taken to recover a Argentina B2B debt collection case varies from case to case.
Can late payment fees / interest to be added to claims?
Yes, fees can be added for Argentina debt collection cases according to local law.
The Central bank interest rate for Argentina is 40% (as per date of last change on 14 May 2024).
Details on legal service / process in Argentina?
Recoveries tend to skip judicial claims.
We try to contact debtor and in cases seek Mediation as a pre judicial step
We work with POA apostilles under The Hague Convention
Do documents supplied to the court need to be translated?
Yes, all documents need to be translated into Spanish. Translations must be made by a certified translator in Argentina.
National Sources of Law in Argentina
Recognition and enforcement of foreign awards in Argentina is regulated by:
Ley 27,449 on International Commercial Arbitration (federal law) applicable throughout the country
Ley 23.982 for debts before April 1, 1991, with specific rules for debt recovery procedures.
Insolvency Law in Argentina is regulated by:
Law 25.589-Ley 25,589 Modificación de las Leyes 24.522 y 25.563 Promulgada: Mayo 15 de 2002
Law 24,522 -Ley 24,522 Concursos y Quiebras Promulgada Parcialmente: Agosto 7 de 1995
Emergency Law 25.563-Ley 25.563
Date of entry into force of the New York Convention
The Convention on the Recognition and Enforcement of Foreign Arbitral Awards (aka New York Convention), was adopted by a United Nations diplomatic conference in 1958. The date of entry into force for Argentina was on 14 March 1989,
Argentina Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We provide freshly investigated Argentina Credit Reports which can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed. Liability for business debts is determined by legal structures, which may be described as follows for Argentina:
S.A.S (Sociedades de Acciones Simplificadas)
S.A. (Sociedad Anónima): ≈ plc
S.R.L. (Sociedad de Responsabilidad Limitada): ≈ Ltd / limited liability company
S.C.S. (Sociedad en Comandita Simple): ≈ limited partnership
S.C.p.A. (Sociedad en Comandita por Acciones): limited partnership with shares
Soc.Col. (Sociedad Colectiva): ≈ general partnership
S.C.e I. (Sociedad de Capital e Industria)
S.E. (Sociedad del Estado): ≈ state-owned enterprise
S.G.R. (Sociedad de Garantía Reciproca)
Argentina Skip Tracing Agents
Creditreform’s debt collection company service also uses expert local Argentina tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Argentina 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 the 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.
Argentina Debt Collection Partners in the following Argentina Cities
What is the legal system in Argentina?
The Argentina legal system was based on the 1871 Civil Code which remained in force until August 2015, when it was replaced by the new Código Civil y Comercial de la Nación.
What is the name of the Government Gazette in Argentina?
The Gazette in Argentina is called the Boletín Oficial de la República Argentina (Official Gazette of the Republic of Argentina).
Who are the main trading partners for Argentina?
The top import countries for Argentina are Brazil, China, United States (USA), Germany and Paraguay.
Which countries border Argentina?
What is the Supreme Court in Argentina?
The Supreme Court for Argentina is called the Supreme Court of Argentina.
Argentina Payment Methods
The most common payment products in Argentina are Visa, Mastercard and Naranja.
Argentina Debt Collection Agency FAQs
1. How does a Debt collection agency in Argentina recover overdue debts?
The debt collection process is initiated by an introductory letter to your debtor stating the amount owed to you and informing them of our involvement. Letters are then followed up with emails and telephone calls. From our experience the most effective part of this process will be the outsourcing to a third party debt collection agency in Argentina as the debtor now has to resolve the debt and can no longer hide or provide lame excuses.
2. How long does the debt recovery agency in Argentina take to process a case?
The debt collection case will be processed immediately up receipt and a letter sent normally by email and post. You will receive an automated confirmation by return.
3. What is the success rate for debt collection agencies in Argentina?
Click on this text to edit it.
4. Does the debt recovery agency in Argentina operate a No Win No Fee debt collection?
We take on all debt collection cases on No Win No Fee basis only charging the agreed commission against monies recovered.
5. Why use a local debt recovery agency in Argentina?
The reasons for using a local Argentina debt collection agency than processing from a different country is the debt collector in Argentina speaks the local language, knows the local laws and operates in the same time zones.
6. Are there any debts too old or too small for Argentina debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Argentina debt collector.
7. How do I instruct the debt collectors in Argentina?
Instructing the debt collectors Argentina is a simple process. You just email details of the debt, debtor and amount to be recovered and the case can be initiated.
8. What evidence do I need to provide when instructing the Argentina debt collector?
When instructing the debt collector in Argentina just provide copies of invoices/statements, debtor contact details and any relevant information you may have to assist with the recovery process.
9. Who does the debtor pay?
In general the debt collector in Argentina will request payments to be sent directly to the client but if not possible for any reasons will take payment directly. If payment is taken then cleared funds will be processed and sent to client straight away.
10. Can I instruct multiple cases?
You can send unlimited debt case instructions. Our systems will automate volume cases to meet your requirements.
11. Can you trace debtors in Argentina?
Through our network of skip tracing agents we have an extremely high success rate of locating your absconded debtor.
12. How long does the debt collection process take?
On average the debt collections process takes 90 days to resolve an amicable debt recovery case. There are a number of factors that can delay this process but we will keep you informed every step of the way.
13. What are my options if debt collection in Argentina is not successful?
If the debt recovery service is not successful we will advise you of your options including legal actions. Please note no legal actions or other processes will be taken without prior instruction from you.