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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:
Maldives 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:
The local cultures
The languages
The laws
Are in the same time zones
Herewith details of our debt collection service Maldives:
Location of debt recovery office in Maldives?
6th Floor, Aagé, 12 Boduthakurufaanu Magu, Henveiru, Malé, 20094, Republic of Maldives
All debt collection letters are sent by the local head office.
Number of debt collection staff?
15-20. 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 Maldives?
We have been operating an Asia debt collection service on a no win no fee basis in Maldives since 1999. Maldives 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 Maldives?
6 years in Maldives.
Maldives 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 Maldives is 6 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 Maldives?
The EU has no real impact on the Maldives.
There is currently no Free Trade Agreement that have been signed or any ongoing negotiations between Maldives and European Union.
How many companies registries in Maldives for businesses (i.e. UK has just 1 central registry)?
There is 1 company registry in Maldives which is called Ministry of Economic Development - Business Portal located at Boduthakurufaanu Magu, 20095, Kaafu, Male.
We have access to Maldives Company Registry searches to find out who further background information on all Maldives companies.
What is the debt collection process in Maldives?
The pre court collection process is initiated with dunning lets followed by emails and telephone calls
Average length of time to collect a debt?
The average time taken to recover a Maldives B2B debt collection case varies from case to case. Straight forward cases can be resolved within 6-8 weeks.
Can late payment fees / interest to be added to claims?
Yes, fees can be added for Maldives debt collection cases according to local law but not always successfully recovered in Maldives.
Details on legal service / process in Maldives?
Follows the English legal system
Maldives 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 Maldives 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.
Maldives Skip Tracing Agents
Creditreform’s debt collection company service also uses expert local Maldives 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 Maldives 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.
Maldives Debt Collection Partners in the following Maldives Cities
What is the name of the Government Gazette in Maldives?
The Gazette in Maldives is called the Gazette of the Government of Maldives ދިވެހިސަރުކާރުގެ ގެޒެޓް.
Who are the main trading partners for Maldives?
The main import and export partners for Maldives are Thailand, Germany, United Kingdom, United States, France, United Arab Emirates, China, Singapore, India and Malaysia.
Which countries border Maldives?
What is the Supreme Court in Maldives?
The Supreme Court for Maldives is called 'Supreme Court of the Maldives' which was established on 18th September 2008 in Kaafu, Malé.
Maldives Debt Collection Agency FAQs
1. How does a Debt collection agency in Maldives 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 Maldives 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 Maldives 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 Maldives?
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 Maldives 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 Maldives?
The reasons for using a local Maldives debt collection agency than processing from a different country is the debt collector in Maldives 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 Maldives debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Maldives debt collector.
7. How do I instruct the debt collectors in Maldives?
Instructing the debt collectors Maldives 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 Maldives debt collector?
When instructing the debt collector in Maldives 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 Maldives 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 Maldives?
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 Maldives 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.