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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:
Guatemala 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 Guatemala:
Location of debt recovery office in Guatemala?
Guatemala City. We cover all the territories in the Republic of Guatemala. All debt collection letters are sent by the local head office.
Number of debt collection staff?
Staff members: four (4). 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 Guatemala?
43 years operating in Guatemala. However, my family –of lawyers- has 150 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 Guatemala?
There are not limitations in Guatemala for to recover debts, provided that the creditor has the documents for to demonstrate the validity of its collection.
How EU (European Union) laws effect debt collection in Guatemala?
We have experience in collecting debts from the EU countries. There are some EU countries that have agreements for investment protection with Guatemala and with some other Central American countries.
How many companies registries in Guatemala for businesses (i.e. UK has just 1 central registry)?
In Guatemala companies have only one central Registry: the Commercial Register Office for businesses.
What is the debt collection process in Guatemala?
I practice two kinds of debt collections: out of Court and with legal actions. Out of Court are the most used, with commission fees (no win no fee) of the recovered amount. With legal actions paid in advance for expenses and fees at the end over the recovered amount.
Average length of time to collect a debt?
Average length of time to collect: out of Court, two to six months; with legal process at the Court, three to five years. Arbitration: 6 to 8 months.
Can late payment fees / interest to be added to claims?
.Depending on the economic situation of the debtor, is possible to have interests paid also. However, for to guarantee the payment of the main amount due, sometimes the negotiation includes to exclude interests. It vary from case to case.
Details on legal service / process in Guatemala?
Legal service in Guatemala is better in direct way, without involving the Courts.
The economy of the Latin American region is in the middle point between growth and recession, then the companies are not growing and are subsisting with more effort and sacrifice than before. When negotiating it is possible to have a radiography of the economic conditions of the debtor and therefore to calculate how will be recovered. However, there are few businesses that are in a good moment for to be obliged to pay.
Guatemala 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 Guatemala 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.
Guatemala Skip Tracing Agents
Creditreform’s debt collection company service also uses expert local Guatemala 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 Guatemala 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 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 Guatemala?
The Guatemala legal system is based on Napoleonic civil law.
What is the name of the Government Gazette in Guatemala?
Which countries border Guatemala?
Who are the main trading partners for Guatemala?
Guatemala Debt Collection Agency FAQs
1. How does a Debt collection agency in Guatemala 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 Guatemala 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 Guatemala 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 Guatemala?
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 Guatemala 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 Guatemala?
The reasons for using a local Guatemala debt collection agency than processing from a different country is the debt collector in Guatemala 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 Guatemala debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Guatemala debt collector.
7. How do I instruct the debt collectors in Guatemala?
Instructing the debt collectors Guatemala 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 Guatemala debt collector?
When instructing the debt collector in Guatemala 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 Guatemala 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 Guatemala?
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 Guatemala 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.