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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:
Lesotho 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
The languages
The laws
Are in the same time zones
Herewith details of our debt collection service Lesotho:
Location of debt recovery office in Lesotho?
Taoana Centre, Bowker Road, Maseru, Lesotho. All debt collection letters are sent by the local head office.
Number of debt collection staff?
5/10 staff.. 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 Lesotho?
We have been operating an African debt collection service on a no win no fee basis in Lesotho for over 10 years. Eswatini 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 Lesotho?
Lesotho 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 varies in Lesotho. Once a 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 Lesotho?
Little effect in Lesotho.
Lesotho signed a free trade agreement (FTA) as part of the Southern African Development Community (SADC) together with the European Union (EU) in 2016. This is referred to as the Economic Partnership Agreement between the SADC and the European Union. The other SADC states involved are Botswana, Mozambique, Namibia, South Africa and Swaziland (Eswatini).
How many companies registries in Lesotho for businesses (i.e. UK has just 1 central registry)?
There is 1 company registry in Lesotho which is called Lesotho Ministry of Trade & Industry - THE One Stop Business Facilitation Centre (OBFC) located at One-Stop Business Facilitation Centre, Ministry of Trade and Industry, Marketing and Cooperatives, First Floor LNDC Phase II, Kingsway, Lesotho.
We have access to Lesotho Company Registry searches to find out who further background information on all Lesotho companies.
What is the debt collection process in Lesotho?
Standard pre court collection processes include debt recovery letters, telephone calls, and site visits where required
Average length of time to collect a debt?
The average time taken to recover a Lesotho B2B debt collection case varies from case to case but typcially takes up to 12 months in Lesotho.
Can late payment fees / interest to be added to claims?
Unfortunately late payment interest is not usually recoverable for Lesotho debt collection cases.
Details on legal service / process in Lesotho?
There are four courts plus the Court of Appeal.
Lesotho 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 Lesotho 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.
Lesotho Skip Tracing Agents
Creditreform’s debt collection company service also uses expert local Lesotho 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 Lesotho 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.
Lesotho Debt Collection Partners in the following Lesotho Cities
Which countries border Lesotho?
Lesotho is completly surrounded by South Africa. It is only of three countries in the world that are enclaved by another country - the other 2 are San Marino and Vatican City which are both located within Italy.
Who are the main trading partners for Leostho?
The main trading partners for Lesotho are South Africa, USA, Canada, the European Union and Madagascar.
What is the legal system in Lesotho?
The Lesotho legal system is based on South African law.
What is the Supreme Court in Lesotho?
The Supreme Court for Lesotho is called the 'High Court of Lesotho'
Lesotho Debt Collection Agency FAQs
1. How does a Debt collection agency in Lesotho 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 Lesotho 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 Lesotho 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 Lesotho?
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 Lesotho 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 Lesotho?
The reasons for using a local Lesotho debt collection agency than processing from a different country is the debt collector in Lesotho 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 Lesotho debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Lesotho debt collector.
7. How do I instruct the debt collectors in Lesotho?
Instructing the debt collectors Lesotho 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 Lesotho debt collector?
When instructing the debt collector in Lesotho 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 Lesotho 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 Lesotho?
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 Lesotho 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.