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 Honduras 

Honduras is divided into 18 departments. Our local office is in La Ceiba (Department of Atlantida) which is the 3rd largest city in Honduras. We recover debts throughout all of Honduras. 

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 of Honduras Spanish is the most widely spoken. 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 Honduras 

10 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: 

Honduras 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 
The languages 
The laws 
Are in the same time zones 
Herewith details of our debt collection service Honduras: 

Location of debt recovery office in Honduras? 

We are located in the City of La Ceiba, Department of Atlantida. 
All debt collection letters are sent by the local head office. 

Number of debt collection staff? 

There are THREE (3) partners and Three (3) Assistants. 
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 Honduras? 

We have been operating a Central America debt collection service on a no win no fee basis in Honduras since 1993. Honduras 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 Honduras? 

Actions, Rights and Obligations arising from a Civil/Commercial contract are considered as extinguished after TEN (10) years from the Date that the Collection action could have been executed. 
Honduras 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 Honduras 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. 

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

Any CONTRACT entered with People or Corporations located or legally registered in Honduras may be enforced within the limits of Honduras’ laws and procedures. 
Honduras is in discussions over a free trade agreement (FTA) as part of several Central America countries together with the European Union (EU) which was signed in 2012 and several parties have provisionally applied in 2013. This is referred to as an Association Agreement (AA) which is a treaty between the European Union (EU) member states and non-EU countries. The other Central America countries included are Costa Rica, Guatemala, Nicaragua, Panama and El Salvador

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

All Businesses MUST be registered with the Honduran Tax Authority (“Servicio de Administracion de Rentas” or “SAR”), but They also must be registered at both the Local Commercial Register Office and the Municipality/City where their operation is located. 
There is 1 company registry in Honduras which is called Chamber of Commerce and Industry (CCIC) - Registro Mercantil located at Col. Las Brisas 22 and 24 street between 1 and 4ta. Junior avenue, Honduras. 
We have access to Honduras Company Registry searches to find out who further background information on all Honduras companies. 

What is the debt collection process in Honduras? 

The process starts with a Notice sent directly from the Attorney’s office, offering a Settlement option and as a way to avoid Court Expenses and Fees.- If the Notice is not attended, then a Lawsuit may be filed, using the document support that the Creditor may have.- A formal Notification is made through the Court, to allow for the Debtor to pay or contest the claim; if contested, the procedure will require the PROOF to support the origin of the Credit and the default of the Debtor. 

Average length of time to collect a debt? 

The Court process shall take at least SIX (6) months, starting on the Date of the Court notification. The most complicated aspect of the collection is usually the location of the Debtor; several times We’ve been trying to locate a Debtor that, at the end, has closed operations or simply gone away. 
The average time taken to recover a Honduras B2B debt collection case varies from case to case. 

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

All Obligations that are in default are subjected to compensation (interest) and that shall be added to the original debt. A standard SIX PERCENT (6%) interest is estimated by the Court if there is no other compensation agreed between the parties and supported with documents. 

Details on legal service / process in Honduras? 

We are used to provide collection services to several Banks and businesses, using simple notes and visits to the Debtors as support for the Collection Notice and to try to arrange a payment schedule.- The decision of using Court actions depends on the Client and, if the decision is made, We usually provide an estimation of success, based on the history of the Debtor and our preliminary actions. 

Honduras 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 Honduras 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. 

Honduras Skip Tracing Agents 

Creditreform’s debt collection company service also uses expert local Honduras skip 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 Honduras 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. 

Honduras Debt Collection Partners in the following Honduras Cities  La Ceiba Debt Collection Agency San Pedro Sula Debt Collection Agency Tegucigalpa Debt Collection Agency  

What is the legal system in Honduras? 

The Honduras legal system is based on civil law. 

What is the name of the Government Gazette in Honduras? 

The Gazette in Honduras is called the La Gaceta - The Gazette. 

Which countries border Honduras? 

Honduras is bordered by Guatemala, Nicaragua, and El Salvador

Who are the main trading partners for Honduras? 

The top import & export partners for Honduras are USA, China, Mexico and Guatemala

What is the Supreme Court in Honduras? 

The Supreme Court for Honduras is called 'Supreme Court of Honduras' - Corte Suprema de Justicia de Honduras; CSJ 

Honduras Debt Collection Agency FAQs 

1. How does a Debt collection agency in Honduras 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 Honduras 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 Honduras 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 Honduras? 

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 Honduras 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 Honduras? 

The reasons for using a local Honduras debt collection agency than processing from a different country is the debt collector in Honduras 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 Honduras debt collection? 

We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Honduras debt collector. 

7. How do I instruct the debt collectors in Honduras? 

Instructing the debt collectors Honduras 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 Honduras debt collector? 

When instructing the debt collector in Honduras 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 Honduras 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 Honduras? 

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 Honduras 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. 
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