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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:
Bahamas 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
Are in the same time zones
Herewith details of our debt collection service Bahamas:
Location of debt recovery office in Bahamas?
Caves Village Center, West Bay Street, Nassau, Bahamas.All debt collection letters are sent by the local head office.
Number of debt collection staff?
5-10. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response results from debtors.
How long have you been operating a debt recovery service in Bahamas?
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 Bahamas?
Bahamas 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 Bahamas is 6 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:
Bahamas Open Account Years – 6 years
Bahamas Promissory Notes – 6 years
Bahamas Written Contracts – 6 years
Bahamas Oral Agreements – 6 years
How EU (European Union) laws effect debt collection in Bahamas?
No real effect in Bahamas.
Bahamas signed a free trade agreement (FTA) as part of CARIFORUM with the European Union (EU) in 2008 and most parties have provisionally applied since 2008. This is referred to as the Economic Partnership Agreement between the CARIFORUM States and the European Union. The other CARIFORUM states involved are Antigua and Barbuda, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago and Haiti.
How many companies registries in Bahamas for businesses (i.e. UK has just 1 central registry)?
One central registry based in Nassau
There is 1 company registry in Bahamas which is called The Government of the Bahamas - Registrar General's Department located at Registrar General’s Department, Cor. Of Shirley and Charlotte Street, P.O. Box N 532, Nassau, New Providence, The Bahamas.
We have access to Bahamas Company Registry searches to find out who further background information on all Bahamas companies.
What is the debt collection process in Bahamas?
Pre-court debt collection process is via debt collection letters, emails and telephone communications. Site visits are also made where required.
Average length of time to collect a debt?
Depends on the type and nature of the B2B debt collection case. Also age and size of debt and whether in dispute or not will also affect time scales. Straight forward cases are usually resolved within 1-3 months.
Can late payment fees / interest to be added to claims?
Yes, fees can be added for Bahamas debt collection cases according to local law but successful recovery of these is limited.
Details on legal service / process in Bahamas?
The Bahamas legal systems is based on English law and processes
Bahamas 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 Bahamas 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.
Creditreform’s debt collection company service also uses expert local Bahamas 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 Bahamas 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.
Bahamas Debt Collection Partners in the following Bahamas Cities:
Which countries border Bahamas?
Who are the main trading partners for Bahamas?
What is the legal system in Bahamas?
The Bahamas legal system is based on English common law.
What is the name of the Government Gazette in Bahamas?
The Gazette in Bahamas is called the Official Gazette Bahamas.
What is the Supreme Court in Bahamas?
The Supreme Court in Bahamas is called the Supreme Court of the Bahamas, Judicial Committee of the Privy Council.
Bahamas Debt Collection Agency FAQs
1. How does a Debt collection agency in Bahamas 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 Bahamas 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 Bahamas 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 Bahamas?
The success rate of the debt recovery case depends on a number of factors including the solvency of the debtor and whether the case has a legitimate dispute. Our aim is to recover every debt that is recoverable.
4. Does the debt recovery agency in Bahamas 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 Bahamas?
The reasons for using a local Bahamas debt collection agency than processing from a different country is the debt collector in Bahamas 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 Bahamas debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Bahamas debt collector.
7. How do I instruct the debt collectors in Bahamas?
Instructing the debt collectors Bahamas 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 Bahamas debt collector?
When instructing the debt collector in Bahamas 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 Bahamas 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 Bahamas?
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 Bahamas 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.