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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:
Eritrea 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 Eritrea:
Location of debt recovery office in Eritrea?
Asmara. All debt collection letters are sent by the local head office.
Number of debt collection staff?
Office 5, Associates 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 Eritrea?
We have been operating an African debt collection service on a no win no fee basis in Eritrea since 1991. Eritrea is included on our debt collection agency list.
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 Eritrea?
Depends on issue, contractual 10 years.
Eritrea 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 Eritrea is 10 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:
Eritrea Open Account Years – 10 years
Eritrea Promissory Notes – 10 years
Eritrea Written Contracts – 10 years
Eritrea Oral Agreements – 10 years
How EU (European Union) laws effect debt collection in Eritrea?
None unless agreed initially.
There is currently no Free Trade Agreement that have been signed or any ongoing negotiations between Eritrea and European Union.
How many companies registries in Eritrea for businesses (i.e. UK has just 1 central registry)?
One Business License Office however process involves additional government offices
There is 1 company registry in Eritrea which is called Ministry of Information – Official journal (Haddas Ertra) (in Tigrinya) - Ministry of Trade and Industry, Commercial Registry located at PO Box 242, Asmara, Eritrea.
We have access to Eritrea Company Registry searches to find out who further background information on all Eritrea companies.
What is the debt collection process in Eritrea?
conciliation / negotiations
Average length of time to collect a debt?
Can late payment fees / interest to be added to claims?
Yes, fees can be added for Eritrea debt collection cases according to local law.
Eritrea 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 Eritrea 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 Eritrea 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 Eritrea 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.
What is the legal system in Eritrea?
The Eritrea legal system is based on civil law and sharia law. This only applies to Muslims for personal matters.
What is the name of the Government Gazette in Eritrea?
The Gazette in Eritrea is called the Gazette of Eritrean Laws.
Which countries border Eritrea?
Who are the main trading partners for Eritrea?
What is the Supreme Court in Eritrea?
The Supreme Court for Eritrea is called the 'High Court of Eritrea'
Eritrea Debt Collection Agency FAQs
1. How does a Debt collection agency in Eritrea 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 Eritrea 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 Eritrea 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 Eritrea?
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 Eritrea 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 Eritrea?
The reasons for using a local Eritrea debt collection agency than processing from a different country is the debt collector in Eritrea 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 Eritrea debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Eritrea debt collector.
7. How do I instruct the debt collectors in Eritrea?
Instructing the debt collectors Eritrea 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 Eritrea debt collector?
When instructing the debt collector in Eritrea 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 Eritrea 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 Eritrea?
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 Eritrea 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.