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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:
Montenegro 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 best methods of initiating debt recovery letters and processes
Are in the same time zones
Herewith details of our debt collection service Montenegro:
Location of debt recovery office in Montenegro?
Podgorica. All debt collection letters are sent by the local head office.
Number of debt collection staff?
3 staff. 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 Montenegro?
We have been operating a European debt collection service on a no win no fee basis in Montenegro since 1986. Montenegro 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 Montenegro?
3 years between companies (unless debtor and creditor are from countries that are signatories of the Convention on the Limitation Period in the International Sale of Goods in which case if 4 years)
10 years between companies and individuals.
Mongolia 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 Mongolia is 3-10 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 Montenegro?
So far, EU law has no direct impact on Montenegro, but Montenegro's legislation has been adapted to EU laws in the last years, with Montenegro's intention to become a member of the EU.
Montenegro signed a free trade agreement (FTA) with the European Union (EU) in 2007 and this has been enforced since 2010. Montenegro is also part of SAA (Stabilisation and Association Agreement). Montenegro is currently negotiating for EU accession. Montenegro is on the current agenda for future enlargement of the European Union (EU). It applied for EU membership on 15th December 2008.
How many companies registries in Montenegro for businesses (i.e. UK has just 1 central registry)?
There is 1 company registry in Montenegro which is called Central Registry of Business Entities - Centralni Registar Privrednih Subjekata (CPRS) located at Vaka Djurovića 20, 81000 Podgorica, Crna Gora, Montenegro.
We have access to Montenegro Company Registry searches to find out who further background information on all Montenegro companies.
What is the debt collection process in Montenegro?
The debt collection process begins by filing a claim with the public enforcement office. If the public enforcement office decides positively on our request, he makes a decision on debt collection that is sent to the creditor and the debtor. The debtor has the right to appeal against the said decision to the court. In deciding upon appeal, the court may refuse the appeal, accept appeal, or refer the case to litigation.
Average length of time to collect a debt?
The average length of B2B debt collection depends on whether an appeal has been filed against the decision of the public enforcement office and how the court will decide on the appeal. If no appeal is filed, the procedure ends in 10-15 days (of course, if the debtor has funds in his account). If the court refers the case to litigation, the proceedings takes about 12-16 months.
Can late payment fees / interest to be added to claims?
Yes, fees can be added for Montenegro debt collection cases according to local law.
Details on legal service / process in Montenegro?
The enforcement process is quite effective, but of course a lot of it depends on the document on the basis of which we initiate debt. Specifically, it is important to prove that the debtor has been informed of the existence of the debt, that the document which forms the basis for the payment shows the date of issue and the due date. If it is a debt collection due to the delivery of goods, it is advisable that we also have proof that the goods have been delivered.
As far as more details are concerned, in each particular case we would let you know what our estimate is for success and whether it is necessary to complete the documentation in some way.
Montenegro Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. There are over 21,000 businesses in Montenegro, of which 34% are based in the capital Podgorica. We provide freshly investigated Montenegro business 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.
Creditreform’s debt collection company service also uses expert local Montenegro 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 Montenegro 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.
Montenegro Debt Collection Partners in the following Montenegro Cities
What is the legal system in Montenegro?
The Montenegro legal system is based on Napoleonic and German civil law. This was originally the General Property Code for the Principality of Montenegro of 1888 and later the Law on Obligations of 2008.
Who are the main trading partners for Montenegro?
Which countries border Montenegro?
What is the Supreme Court in Montenegro?
The Supreme Courts for Montenegro are called:
Constitutional Court of Montenegro
Supreme Court of Montenegro
Montenegro Debt Collection Agency FAQs
1. How does a Debt collection agency in Montenegro 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 Montenegro 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 Montenegro 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 Montenegro?
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 Montenegro 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 Montenegro?
The reasons for using a local Montenegro debt collection agency than processing from a different country is the debt collector in Montenegro 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 Montenegro debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Montenegro debt collector.
7. How do I instruct the debt collectors in Montenegro?
Instructing the debt collectors Montenegro 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 Montenegro debt collector?
When instructing the debt collector in Montenegro 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 Montenegro 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 Montenegro?
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 Montenegro 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.