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:
Bermuda 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 Bermuda:
Location of debt recovery office in Bermuda?
Hamilton.All debt collection letters are sent by the local head office.
Number of debt collection staff?
3 lawyers and 4 support staff. 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 Bermuda?
Since March 1988
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 Bermuda?
7 years statutory bound/ $25,000.00 (Lower court) anything over Supreme Court
How EU (European Union) laws effect debt collection in Bermuda?
They don’t really effect us.
How many companies registries in Bermuda for businesses (i.e. UK has just 1 central registry)?
1 central registry
General comments regarding process in Bermuda for debt collection and how differs from UK debt collection / other European countries debt collection:
What is the debt collection process in Barbados?
Debt collection letter before action / 15 days to respond/ court proceedings
Average length of time to collect a debt?
Depends when debtor pays it off
Can late payment fees / interest to be added to claims?
Interest that are at 7% supreme court and 3% Magistrates court
Details on legal service / process in Bermuda?
Bermuda 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 Bermuda Company Searches 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.
Bermuda Tracing Agents
Creditreform’s debt collection company service also uses expert local Bermuda 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 Bermuda 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.