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1. Costs - No Win No Fee! 

Having long standing relationships with all our overseas partners we have agreements to provide these services on a NO WIN NO FEE basis charging the agreed commission rate against monies recovered only. 

2. Coverage in Armenia 

Armenia is divided into 10 provinces plus the capital Yerevan which has special status. Our local office is in Yerevan which enables us to recover debts throughout the entire country. 

3. Local Experience 

Unlike many of our competitors all cases are handled by the local office or partner. The reasons for this are they speak the debtors' language, in the case of Armenia the official language is Armenian with Russian also widely spoken. We understand the local cultures and know all the legal processes. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas. 

4. Statute of Limitation in Armenia 

3 years but there are many special exemptions so whatever the age please contact us and we will advise if we can assist with your claim 
Search a country below for debt collection: 

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: 

Armenia 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 Armenia: 

Location of debt recovery office in Armenia? 

Yerevan. All debt collection letters are sent by the local head office. 

Number of debt collection staff? 

10. 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 Armenia? 

Since 2009 

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 Armenia? 

3 Years from the day due 
The period of limitation for the bringing of certain kinds of legal action to the Court is 3 years in Armenia, since the time debt became due and payable by the Debtor.  If a Creditor will miss this period, a Debtor may ask to the Court to implement the statute of limitations and the debt will be acknowledged void by the Court. 

How EU (European Union) laws effect debt collection in Armenia? 

EU laws will not have any impact in Armenia 

How many companies registries in Armenia for businesses (i.e. UK has just 1 central registry)? 

Only 1 registry 

What is the debt collection process in Armenia? 

We need documents in originals to be signed by the debtor / email scans may also work for some cases/ and also for each case we will need POA directly from the client, we can also have POA from the 3rd party if they have POA which entitles them to re-authorize. 

Average length of time to collect a debt? 

Out of court collection from 10-40 days 
Court case process is 2-3 years average 

Can late payment fees / interest to be added to claims? 

Yes, its 0.02 per day 

Details on legal service / process in Armenia? 

1. To start a debt collection process we will need power of attorney (POA) 
Why we need this and what kind of POA will work for the process? 
We need this POA provided by the creditor to one of our employees /who will be directly engaged in the collection process / Or if a partner who is referring a client to us /let’s say the Agent/  has a POA from the creditor with the right to re-authorize to the third parties, then the Agent can Also provide us POA. In this case we would also require seeing the original POA provided to the Agent, to state the right of re-authorization. 
Why we are asking for this 
Per the code of Advocate's ethics of RA, the attorney shall have a POA to act on behalf of a client, it’s an obligation. While it’s not very often for the debtors to take much attention to this,   if they will file a complaint to Chamber of Advocates, then the Attorney will be will be prosecuted by the Chamber. 
We understand that this is not the case in most of the countries but those are the regulations acting in Armenia and if the Creditor wants start collection process we must obey the law. 
We would need POA for each client. No matters the number of cases, i.e 1 POA for multiple cases. 
2. Successful collection requires proper documentation of the debt 
Again we would hereby like to speak about another specific aspect for the debt collection in Armenia which distinguishes Armenia from other countries. 
It is very important to have documents confirming the debt signed by the Debtor. As such it might serve as an agreement, contract, invoice etc..The key is a signature placed by the debtor on such document, thus it’s greatly minimizes the risk of the fact that the debtor might later return to us with an announcement that products has not been delivered or services were not provided. This becomes more important when we start a court collation, where we also would require documents in hard copies and apostilled according to The Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents. 

Armenia 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 Armenia 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. 

Armenia Tracing Agents 

Creditreform’s debt collection company service also uses expert local Armenia 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 Armenia 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 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 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. 

Armenia Debt Collection Partners in the following Armenian Cities 

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