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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:
El Salvador 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 initial 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 El Salvador:
Location of debt recovery office in El Salvador?
Antiguo Cuscatlán, La Libertad (southwest of San Salvador).
All debt collection letters are sent by the local head office.
Number of debt collection staff?
14 staff. 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 El Salvador?
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 El Salvador?
In El Salvador, the statute of limitation for debt collection is 10 years if the debt has an enforceable title, and 20 years if not. An enforceable title certifies the claim and grants the collector the right to demand compliance of said title, and the Salvadoran law of Civil Procedures enable these titles to be enforced through a brief and shorter procedure.
How EU (European Union) laws effect debt collection in El Salvador?
El Salvador has its own debt collection regulation, and is not affected by EU laws.
How many companies registries in El Salvador for businesses (i.e. UK has just 1 central registry)?
In El Salvador 1 mandatory registry is required for businesses, in the Commercial Registry.
General comments regarding process in El Salvador for debt collection and how differs from UK / other European countries:
What is the debt collection process in El Salvador?
The process for judicial collection is as follows:
- A claim is filed at the Civil and Mercantile Courts, requesting payment of the obligation through garnishment.
- If the claim is admitted by the Court, without opposition by the defendant, a writ of garnishment is issued to confiscate the property that the Court indicates.
- In case of opposition, a hearing will be held to settle the conflict between the parties.
- After the hearing, the Court will pronounce a final judgment, in order to officially pay the debt with the garnished goods, either by selling it or awarding it to the plaintiff.
Average length of time to collect a debt?
The estimated time for debt collection is 9 months to a year and a half.
Can late payment fees / interest to be added to claims?
Yes, late payment fees and interest need to be added to the claim in order to be collected.
Details on legal service / process in El Salvador?
The legal process can only be carried out by authorized lawyers.
The debt collection process is simpler and shorter if an enforceable title is executed.
El Salvador 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 El Salvador 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.
El Salvador Skip Tracing Agents
Creditreform’s debt collection company service also uses expert local El Salvador 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 El Salvador 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.
El Salvador Debt Collection Partners in the following El Salvador Cities
Which countries border El Salvador?
Who are the main trading partners for El Salvador?
El Salvador Debt Collection Agency FAQs
1. How does a Debt collection agency in El Salvador 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 El Salvador 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 El Salvador 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 El Salvador?
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 El Salvador 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 El Salvador?
The reasons for using a local El Salvador debt collection agency than processing from a different country is the debt collector in El Salvador 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 El Salvador debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the El Salvador debt collector.
7. How do I instruct the debt collectors in El Salvador?
Instructing the debt collectors El Salvador 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 El Salvador debt collector?
When instructing the debt collector in El Salvador 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 El Salvador 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 El Salvador?
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 El Salvador 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.