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1. Costs - No Win No Fee! 

Having long standing relationships with all our overseas partners we have agreements to provide these services on a NO WIN NO FEE basis charging the agreed commission rate against monies recovered only. 

2. Coverage in Faroe Islands 

Faroe Islands is an autonomous province of the Kingdom of Denmark. Debt collection cases for Faroe Islands are handled by our Denmark partner whose head office is in Brøndby (near the capital Copenhagen). 

3. Local Experience 

Unlike many of our competitors all cases are handled by the local office or partner. The reasons for this are they speak the debtors' language in this case Faroese is spoken by 90% of the population. We understand the local cultures and know all the legal processes. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas. 

4. Statute of Limitation in Faroe Islands 

3 years but there are many special exemptions so whatever the age please contact us and we will advise if we can assist with your claim 
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: 

Faroe Islands 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. 
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: 
Faroe Islands Debt collection partner is based in Denmark with the head office in Brøndby (Headquarter) 
All debt collection letters are sent by the local head office. 
Herewith details of our debt collection service Faroe Islands: 

Location of debt recovery office in Faroe Islands? 

Faroe Islands Debt collection partner is based in Denmark with the head office in Brøndby (Headquarter). 
All debt collection letters are sent by the local head office. 

Number of debt collection staff? 

Approx. 150 in Denmark. 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 Faroe Islands? 

Over 20 years 

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 Faroe Islands? 

3 years from due date 

How EU (European Union) laws effect debt collection in Faroe Islands? 

Most EU laws does not affect the Faroe Islands  as we are a fairly open country. One law that can be applied around the EU is the European Account Preservation Order which does not apply in Faroe Islands. 

How many companies registries in Faroe Islands for businesses (i.e. UK has just 1 central registry)? 

Faroe Islands has one place where businesses can register. It is located at: 
Skálatrøð 20, Postcode 64, FO-110 Tórshavn 
General comments regarding process in Faroe Islands for debt collection and how differs from UK / other countries in Europe 

What is the debt collection process in Faroe Islands? 

As the debt collection process in the Faroe Islands is operated by the Danish Partner the procedures are much the same as Denmark. 

Average length of time to collect a debt? 

3-12 months 

Can late payment fees / interest to be added to claims? 

Yes – Both 

Details on legal service / process in Faroe Islands? 

The legal system is operated in a similar way to Denmark. 

Faroe Islands 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 Faroe Islands 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. 

Faroe Islands Tracing Agents 

Creditreform’s debt collection company service also uses expert local Faroe Islands 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 Faroe Islands 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 the UK office. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK office base 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. 
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