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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:
Case Study - GBP 15,000 recovered from India Debtor
Initiation of Case
A UK fragrance client near Northampton had a £15,000 debt from a customer in Chennai, India. The debt related to products shipped to the client for which they received with no known disputes.
Debt Collection Processes
Upon receipt of the case we forwarded it to our local approved partner in India. They quickly sent a letter to the debtor with the amount owed and a deadline to pay.
At first, the person who owed money argued that they had already made payments. However, after receiving a detailed payment statement from the client, they acknowledged the remaining debt. Our partner chased the debtor daily, and within a few weeks, they finally settled the debt in full.
Summary
Our client was extremely pleased with the services and communications provided by our partner and ourselves.
India 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.
Our international debt collection agency partners and offices work on a No Win No Fee basis. They only charge a commission on recovered funds. Our offices and partners worldwide begin collecting debts by sending a letter to notify debtors of their participation.
Local debt recovery agencies are better than UK debt collection agencies for recovering debts. They understand local laws and have better success rates.
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 India:
Location of debt recovery office in India?
Our corporate office is in New Delhi and we have working relations with attorneys throughout India.
The local head office sends all debt collection letters.
Number of debt collection staff?
25. Each staff member assigns a client and personalizes debt collection letters to get the best response from debtors.
How long have you been operating a debt recovery service in India?
We have been operating an Asia debt collection service on a no win no fee basis in India since 2010. Our debt collection agency list includes India.
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. Debt collection letters have different templates based on their purpose. The templates vary for business-to-business and business-to-consumer collections.
Statue of Limitation in India?
The limitation period for the invoice is three years from the due date. If the debtor admits to owing the debt in writing, the time limit will start from the date of acknowledgement.
India's law on civil litigation sets a time limit for someone to sue another person. The statute of limitations in India is 3 years. If an action is taken within the time limit, the statute of limitations will be extended.
After the specified time period ends, no legal action can be taken unless the plaintiff can prove exceptional circumstances. Other Statute of Limitations include:
India Open Account Years – 3 years
India Promissory Notes – 3 years
India Written Contracts – 3 years
India Oral Agreements – 3 years
How EU (European Union) laws effect debt collection in India?
The impact in India for collection from EU is minimal.
India is in discussions over a free trade agreement (FTA) with European Union. On June 27, 2022, the European Union started talks again for a trade deal with India. The negotiations are still happening. They also launched separate negotiations for an Investment Protection Agreement and an Agreement on Geographical Indications (GIs).
How many companies registries in India for businesses (i.e. UK has just 1 central registry)?
India has 1 company registry called the India Ministry of Corporate Affairs, headquartered in New Delhi.
What is the debt collection process in India?
India Debt Collection process is the same as in Europe. After we receive the claim, we will enter it into our system and our attorney will examine the case. We will send an acknowledgement to the client thereafter.
Immediately thereafter we establish contact with the debtor through phone and email. We make regular follow-ups to expedite the recovery. If we find amicable collection is not possible then legal action is recommended wherever is feasible.
Average length of time to collect a debt?
India B2B debt collection cases usually take 3 to 9 months to recover.
Can late payment fees / interest to be added to claims?
In India it is not usual for the debtors to pay interest in an amicable recovery
Details on legal service / process in India?
In India we can initiate recovery suits/ summary suits and insolvency proceedings against the debtor.
If a company owes money and doesn't argue, it's best to start bankruptcy proceedings. This will make the company feel pressured to pay back the debt. We will require a Power of Attorney from the client to proceed legally. In all other cases we can file recovery suit.
Creditreform has approved partners worldwide and our preferred partner in India is no exception. They have to meet Our strict international debt collection policies to ensure clients always receive the best possible service. Our UK team and India colleagues collaborate on all cases to keep clients informed at every stage.
We offer international debt collection services in India with a No Win No Fee policy. Parties always pre-agree commission rates before commencing the instruction. We also provide a pre-instruction check on the debtor to ensure they are still active and trading.
Our teams work outside regular hours to handle urgent issues promptly, despite the 5.5-hour time difference with India. This means they are available to address any pressing matters that may arise. The team's dedication ensures that they take care of important tasks in a timely manner.
Our partner in India will suggest legal action. However, we will not proceed without your approval. This is to prevent any unforeseen expenses.
India Debt Collection Regulations / Licenses
In India, specific licenses are not required for debt collection. However in some States, license/registration from Local Authorities is required to be obtained under the Shop and Establishment Act or similar state-specific laws.
Debt collection agencies that collect debts on behalf of banks and Non-Banking Financial Companies (NBFCs) must follow the RBI's guidelines regarding recovery agents. The RBI has set specific standards on how recovery agents should conduct themselves, including training and certification requirements.
India Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We offer India Credit Reports. You can request these reports when a debt is overdue to check if the debtor can make the payment.
OR
After a debt becomes overdue, they can obtain them to verify if the debtor can pay what is owed.
India Skip Tracing Agents
Creditreform’s debt collection company service also uses expert local India tracing agent services to locate any absconded debtor. This debtor tracing service charges only for a successful trace on a No Find No Fee basis.
Specialist Debt Recovery Experts
Recovering debts internationally, like in India, has specific requirements different from the UK. It's crucial to have our expert international debt collection agencies handle these cases instead of UK debt collectors.
Creditreform has a unique international debt collection method. They do not rely solely on UK debt collectors like their competitors. Their approach sets them apart in the industry.
We work with local offices and partners to increase our success rate. We collaborate with local offices and partners to improve our success rate. Our No Win No Fee service ensures that you only pay if we recover money for you. Additionally, our competitive commission rates guarantee that you receive top-notch service when working with us.
India Debt Collection Partners in the following Indian Cities Agra Debt Collection Agency Ahmedabad Debt Collection Agency Aligarh Debt Collection Agency Allahabad Debt Collection Agency Amritsar Debt Collection Agency Amravati Debt Collection Agency Asansol Debt Collection Agency Aurangabad Debt Collection Agency Bangalore Debt Collection Agency Bareilly Debt Collection Agency Bezwada Debt Collection Agency Bhilai Debt Collection Agency Bhiwandi Debt Collection Agency Bhopal Debt Collection Agency Bhubaneshwar Debt Collection Agency Calicut Debt Collection Agency Chandigarh Debt Collection Agency Chennai Debt Collection Agency Coimbatore Debt Collection Agency Dehra Dun Debt Collection Agency Dhanbad Debt Collection Agency Faridabad Debt Collection Agency Ghaziabad Debt Collection Agency Gorakhpur Debt Collection Agency Guwahati Debt Collection Agency Gwalior Debt Collection Agency Howrah Debt Collection Agency Hubli Debt Collection Agency Hyderabad Debt Collection Agency Indore Debt Collection Agency Jabalpur Debt Collection Agency Jalandhar Debt Collection Agency Jammu Debt Collection Agency Jamshedpur Debt Collection Agency Jaipur Debt Collection Agency Jhansi Debt Collection Agency Jodhpur Debt Collection Agency Kalyan Debt Collection Agency Kanpur Debt Collection Agency Kochi Debt Collection Agency Kolhapur Debt Collection Agency Kolkata Debt Collection Agency Kota Debt Collection Agency Lucknow Debt Collection Agency Ludhiana Debt Collection Agency Madurai Debt Collection Agency Malegaon Debt Collection Agency Mangalore Debt Collection Agency Meerut Debt Collection Agency Moradabad Debt Collection Agency Mumbai Debt Collection Agency Mysore Debt Collection Agency Nagpur Debt Collection Agency Nashik Debt Collection Agency Nellore Debt Collection Agency New Delhi Debt Collection Agency Patna Debt Collection Agency Pune Debt Collection Agency Raipur Debt Collection Agency Rajkot Debt Collection Agency Ranchi Debt Collection Agency Rourkela Debt Collection Agency Salem Debt Collection Agency Shimoga Debt Collection Agency Solapur Debt Collection Agency Srinagar Debt Collection Agency Surat Debt Collection Agency Thiruvananthapuram Debt Collection Agency Tiruppur Debt Collection Agency Trichinopoly Debt Collection Agency Vadodara Debt Collection Agency Varanasi Debt Collection Agency Vishakhapatnam Debt Collection Agency Warangal Debt Collection Agency
What is the legal system in India?
In India, the legal system mostly relies on English common law. The legal system in India mostly relies on English common law. Goa, Daman and Diu, and Dadra and Nagar Haveli have legal systems based on Portuguese Civil Law.
What is the name of the Government Gazette in India?
The Gazette in India is called The Gazette of India - भारत राजपत्र
Which countries border India?
Who are the main trading partners for India?
What is the Supreme Court in India?
'The Supreme Court of India' or Bhāratīya Ucchatam Nyāyālaya is the highest court in India. It was established on October 1, 1937, and was originally known as the 'Federal Court of India'.
India Debt Collection Agency FAQs
1. How does a Debt collection agency in India recover overdue debts?
We start the debt collection process by sending a letter to the person who owes you money. This letter tells them how much they owe and lets them know that we are now handling the situation. We follow up letters with emails and telephone calls.
In our experience, the best part of this process is outsourcing debt collection to a company in India. This makes the debtor face the debt and stops them from avoiding it or making excuses.
2. How long does the debt recovery agency in India take to process a case?
We will process the debt collection case immediately upon receipt and send a letter normally by email and post. You will receive an automated confirmation by return.
3. What is the success rate for debt collection agencies in India?
Successfully recovering a debt depends on the debtor's financial situation and any valid disputes in the case. These factors influence the chances of recovery. The debtor's ability to pay and any disagreements about the debt affect the chances of successful recovery. Our aim is to recover every debt that is recoverable.
4. Does the debt recovery agency in India operate a No Win No Fee debt collection?
We handle debt collection cases for free, only charging a commission on the money we recover.
5. Why use a local debt recovery agency India?
It is better to use a local debt collection agency in India. They speak the local language, understand the local laws, and operate in the same time zone. This makes communication easier and more efficient. It also ensures that they are familiar with the legal processes and can work within the local regulations.
6. Are there any debts too old or too small for India debt collection?
We will review all debt cases, regardless of age or size. We will then recommend the most effective methods for collecting them by utilizing an India debt collector.
7. How do I instruct the debt collectors in India?
You initiate the case by emailing details of the debt, debtor, and amount to be recovered.
8. What evidence do I need to provide when instructing the India debt collector?
When you inform the debt collector in India, provide them with copies of invoices and statements. Also, give them the contact information for the debtor. Additionally, share any helpful details that may assist in recovering the money.
9. Who does the debtor pay?
Usually, debt collectors in India ask for payments to go to the client. If this isn't possible, they will collect the payment themselves. If we take payment, we will process and send cleared funds to the client immediately.
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 India?
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 India 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.