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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:
Serbia 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
Are in the same time zones
Herewith details of our debt collection service Serbia:
Location of debt recovery office in Serbia?
Belgrade. All debt collection letters are sent by the local head office.
Number of debt collection staff?
5 employees. 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 Serbia?
We have been operating a European debt collection service on a no win no fee basis in Serbia since 1992. Serbia 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 Serbia?
In accordance with the local law the statute of limitations for business-to–business claims is 3 years.
Corporate litigation in Serbia - depending on the complexity of the case, a litigation procedure may last from six months to several years.
Serbia 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 Serbia is 3 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. Other Statute of Limitations include:
Serbia Open Account Years – 3 years
Serbia Promissory Notes – 3 years
Serbia Written Contracts – 3 years
How EU (European Union) laws effect debt collection in Serbia?
Although there are many European legislations, we can work with our national laws.
Serbia signed a free trade agreement (FTA) with the European Union (EU) in 2008 and this has been enforced since 2013. Serbia is also part of SAA (Stabilisation and Association Agreement). Serbia is currently negotiating for EU accession. Serbia is on the current agenda for future enlargement of the European Union (EU). It applied for EU membership on 22nd December 2009. It is one of seven current EU candidate countries, together with Albania, Moldova, Montenegro, North Macedonia, Turkey and Ukraine.
How many companies registries in Serbia for businesses (i.e. UK has just 1 central registry)?
There is 1 company registry in Serbia which is called Serbian Business Registrations Agency - Претрага правних лица и предузетника located at Belgrade, Serbia.
We have access to Serbia Company Registry searches to find out who further background information on all Serbia companies.
What is the debt collection process in Serbia?
Initial communication to assess the debtor’s willingness and ability to repay the debt
(If you have all necessary documentation accompanying your business transactions, the whole process could be easier and relatively quick)
Warning letter to debtor (That in a significant number of cases this proves sufficient)
Submission of debt in Creditreform Group’s unique database. This database allows our clients to screen their prospect and existing clients and suppliers in order to ensure they have as much information as possible in order to make informed decisions.
Alert database members, which are related to the debtor, about the negative incident. Through this process we create leverage by adding pressure to the debtor to repay the debt as it affects their creditworthiness, credit scoring and general profile as well as their related entities. It also helps in the prevention of bad debts.
Court procedure or litigation more precisely, is what follows.
When litigation reaches its end with favorable verdict, the majority of debtors would simply comply with it and repay their debt. Yet, some, which leads us to the third part or enforcement proceedings. Here, an enforcement officer will try to collect everything, from money on bank accounts to real estates or other valuables, that debtor hasn’t been willing to hand over in the first place. And that usually concludes the whole creditor-debtor situation. Especially worth noting would be also the fact that in the majority of cases where a creditor-debtor position is occupied by companies, there is a possibility of skipping second step (litigation) and going straight to the third and last one (enforcement proceeding).
Average length of time to collect a debt?
The average time taken to recover a Serbia B2B debt collection case varies from case to case but usually takes at least 1 month in Serbia.
Can late payment fees / interest to be added to claims?
We can add interests, a penalty clause and a file cost (maximum 40€).
Details on legal service / process in Serbia?
Our lawyers work under the same conditions. The costs for the bailiff have to be paid in advance. They are added to the claim and have to be settled by the debtor.
We have an own software-system that allows us to cover big quantities of files. They are processed the same day. Our clients receive also a login so they can check the status of their files whenever they want. They are always updated on the same day.
Serbia Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide There are about 110,000 legal entities (Partnerships; Limited partnerships; Joint stock companies; Limited companies; Cooperatives) entered on the Serbian Register and 222,000 sole traders. Through our online databases you can download Serbian business credit reports instantly. This 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 Belgium 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 Serbia 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.
Serbia Debt Collection Partners in the following Serbian Cities
Who are the main trading partners for Serbia?
Which countries border Serbia?
What is the Supreme Court in Serbia?
The Constitutional Court of the Republic of Serbia (Serbian: Уставни суд Републике Србије) was established on 9th April 1963 whose located is Belgrade, Bulevar kralja Aleksandra 15.