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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:
Paraguay 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
Are in the same time zones
Herewith details of our debt collection service Paraguay:
Location of debt recovery office in Paraguay?
Asunción. All debt collection letters are sent by the local head office.
Number of debt collection staff?
We’re a big team of about 50 people in between lawyers and paralegals. We also have a branch office in the city of Encarnación (border city with Argentina) and another one in Ciudad Del Este (border city with Brazil).
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 Paraguay?
We have been operating a South America debt collection service on a no win no fee basis in Paraguay for over 45 years. Paraguay is included on our debt collection agency list.
We are a successful full-Service firm in Colombia, with a 45 year trajectory in the market.
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 Paraguay?
The Statute of limitation in Paraguay regarding to Commercial rights consists of 4 years.
If it’s a promissory note with a due date, it must be collected since then and the expiration date for the collection is after 4 years since the due date. Whereas if the promissory note does not have a payment date, it can be collected at any moment and the expiration date to start the legal actions is after 4 years since the emission.
Paraguay 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 Paraguay is 4 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 Paraguay?
The European Union law does not have much incidence in the collection debt in Paraguay.
Paraguay is in discussions over a free trade agreement (FTA) as part of Mercosur which includes 4 South America countries together with the European Union (EU). This is referred to as The European Union–Mercosur free trade agreement between Mercosur and the European Union who reach agreement in principle in 2019. The other Mercosur member states are Argentina, Brazil and Uruguay.
How many companies registries in Paraguay for businesses (i.e. UK has just 1 central registry)?
We just have one company registry for businesses; it’s called Dirección General de los Registros Públicos (General Office of Public Records).
There is 1 company registry in Paraguay which is called Ministry of Finance - "Consulta la base RUC gratuitamente". RUC located at Corte Suprema de Justicia - Alonso y Testanova, Asunción - Paraguay.
We have access to Paraguay Company Registry searches to find out who further background information on all Paraguay companies.
What is the debt collection process in Paraguay?
The collection process is brief with limited defenses for the parties and it could culminate with the refund of the debt, the interests and legal costs, or the auction of their goods.
Average length of time to collect a debt?
The average length of time to collect can be from 6 months to 2 years, taking into account the defenses presented by the debtor.
Can late payment fees / interest to be added to claims?
.Late payment fees, as well as legal costs, can be added to the claims.
Paraguay 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 Paraguay 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 Paraguay 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 Paraguay 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.
Paraguay Debt Collection Partners in the following Paraguay Cities
Who are the main trading partners for Paraguay?
Which countries border Paraguay?
What is the Supreme Court in Paraguay?
The Supreme Court of Justice of Paraguay (Corte Suprema de Justicia del Paraguay) is the highest court of Paraguay.