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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 Montenegro 

Montenegro is divided into 24 municipalities with the most populous region and capital city being Podgorica. Our local office is in Podgorica so we are centrally located to recover debts throughout all of Montenegro. 

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 Montenegrin and Serbia are the most widely spoken. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas. 

4. Statute of Limitation in Montenegro 

3 years but there are 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) 
PLEASE CALL US ON +44 121 442 5330 FOR FURTHER DETAILS 
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 
The languages 
The laws 
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? 

Since 1986 

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 

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 

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

One registry 
 
General comments regarding process in Montenegro for debt collection and how differs from UK debt collection and other European countries: 

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 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. 

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. 

Montenegro Tracing Agents 

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. 
 
 
 
"We are pleased with the friendly and efficient service of Adrian Harding and staff at Creditreform in collecting outstanding overdue debts on our behalf. Some accounts, especially those located overseas have been difficult customers but we are pleased with the high rate of success. We also appreciate that they keep us informed and constantly updated on the progress of the collection" 
Bryan De Beer, Phoenix Fragrances 
 
 
 
Resources 
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Payment Priority During a Liquidation Procedure 
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