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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:
China 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 China:
Location of debt recovery office in China?
Our corporate office is at New Delhi and we have working relation with attorneys pan India.
All debt collection letters are sent by the local head office.
Number of debt collection staff?
25. 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 China?
We have been operating since 2010
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 China?
It is three years from the date of due date of the invoice but if there is any written acknowledgement of the debt by the debtor within the said three years then limitation period will be three years from the date of such acknowledgement.
How many companies registries in China for businesses (i.e. UK has just 1 central registry)?
1 central register in China but regional registries for each Chinese province
What is the debt collection process in China?
India Debt Collection process is the same as in Europe. After we receive the claim, it will be entered into our system and case will be examined by our attorney. Thereafter an acknowledgement will be sent to the client. Immediately thereafter we establish contact with the debtor through phone and email. Regular follow ups are made in order to expedite the recovery. If we find amicable collection is not possible then legal action is recommended wherever is feasible
Average length of time to collect a debt?
3 to 9 months.
Can late payment fees / interest to be added to claims?
In India it is not usual for the debtors to pay interest in an amicable recovery
Details on legal service / process in China?
In India we can initiate recovery suits/ summary suits and insolvency proceedings against the debtor.
If the debtor is an incorporated entity and the debt is undisputed it is recommended to initiate insolvency proceedings against the debtor which will pressurise the debtor to settle the matter. We will require a Power of Attorney from the client to proceed legally. In all other cases we can file recovery suit.
Creditreform has approved partners worldwide and our preferred partner in India is no exception. They have to meet Our strict international debt collection policies to ensure clients always receive the best possible service. Our UK team work very closely with our India colleagues on all cases being handled making sure that clients are kept up to date every step of the way.
We provide all our international debt collection services on a No Win No Fee basis and India is no different. Commission rates are always pre agreed before commencing the instruction. We also provide a pre-instruction check on the debtor to ensure they are still active and trading.
Although there is a large time difference with India, some 5.5 hours, our teams work out of hours to ensure that any urgent matters can be dealt with immediately.
If legal proceedings in India are recommended by our partner no actions will be undertaken without the client’s instructions so no unknown costs will be incurred for this process.
China 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 India 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.
China Skip Tracing Agents
Creditreform’s debt collection company service also uses expert local India 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 India 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 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.
China Debt Collection Partners in the following Chinese Cities Beijing Debt Collection Agency Changchun Debt Collection Agency Chengdu Debt Collection Agency Chongqing Debt Collection Agency Dalian Debt Collection Agency Dongguan Debt Collection Agency Guangzhou Debt Collection Agency Guiyang Debt Collection Agency Hangzhou Debt Collection Agency Harbin Debt Collection Agency Hechi Debt Collection Agency Nanjing Debt Collection Agency Shanghai Debt Collection Agency Shenyang Debt Collection Agency Shenzhen Debt Collection Agency Tianjin Debt Collection Agency Wuhan Debt Collection Agency Xi'an Debt Collection Agency Zhangzhou Debt Collection Agency Zibo Debt Collection Agency
Which countries border China?
Who are the main trading partners for Angola?
What is the legal system in China?
What is the name of the Government Gazette in China?
The Gazettes in China are as follows:
中华人民共和国国务院公报 - People's Republic of China State Council Gazette
中华人民共和国全国人民代表大会常务委员会公报 - People's Republic of China National People's Congress Standing Committee Gazette
China Debt Collection Agency FAQs
1. How does a Debt collection agency in China 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 China 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 China 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 China?
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 China 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 China?
The reasons for using a local China debt collection agency than processing from a different country is the debt collector in China 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 China debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the China debt collector.
7. How do I instruct the debt collectors in China?
Instructing the debt collectors China 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 China debt collector?
When instructing the debt collector in China 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 China 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 China?
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 China 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.