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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 Nicaragua 

We cover all 15 departments in Nicaragua. Our local office is in the capital Managua so we are centrally located to recover debts throughout all of Nicaragua. 

3. Local Experience 

Unlike many of our competitors all cases are handled by the local office or partner. The main language spoken is Spanish, but the colloquial language can differ through different regions of Nicaragua. In addition, multiple indigenous languages are spoken. The local offices are able to communicate with the debtors in their appropriate language. We also understand the local cultures and know all the legal processes. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas. 

4. Statute of Limitation in Nicaragua 

4 but there are many 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: 

Nicaragua 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 initial 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 Nicaragua: 

Location of debt recovery office in Nicaragua? 

Managua. All debt collection letters are sent by the local head office. 

Number of debt collection staff? 

3-5 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 Nicaragua? 

Over 10 years 

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 Nicaragua? 

Up to 4 years 

How EU (European Union) laws effect debt collection in Nicaragua? 

EU laws could be raised as a defense in any debt collection case in the Nicaragua, if the debt was created subject to those laws. 

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

One 

What is the debt collection process in Nicaragua? 

Out of court settlement is the best method of debt collection in Nicaragua which is initiated with a debt recovery letter to the debtor. If not successful then Mediation is obligatory before proceeding with a court action. 

Average length of time to collect a debt? 

Up to 2 years  

Can late payment fees / interest to be added to claims? 

Unlikely to recover 

Details on legal service / process in Nicaragua? 

Previous to starting a lawsuit process, the parties must start a mediation process as an alternative dispute resolution. There are no penalties, though, if the parties fail to achieve a settlement. 
 
All actions to demand payment of a debt are for ten years after the obligation is due. The limitation periods start once the obligation is due. 
 
The limitation payment is two years the obligation to demand payment of salary, professional fees, arbitrator’s fees and notaries’ fees. 
 
The plaintiff must sue the defendant in the court jurisdiction of his domicile. However, the parties may agree to submit their dispute in a specific jurisdiction. The court will review the matter of the case, value and territory in order to know if it is competent to know that case al solve the dispute.. 

Nicaragua 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 Nicaragua 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. 

Nicaragua Tracing Agents 

Creditreform’s debt collection company service also uses expert local Nicaragua 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 Nicaragua 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 
 
 
 
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