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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:
Venezuela 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 Venezuela:
Location of debt recovery office in Venezuela?
We also have correspondents specialized in extrajudicial and judicial collections throughout the entire national territory
All debt collection letters are sent by the local head office
Number of debt collection staff?
We coordinate the judicial processes of the four (4) lawyers of the judicial department. In addition we have five (5) lawyers who work directly with us in these processes, but in total there is an indeterminate number of lawyers throughout the national territory, with whom we coordinate the processes.
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 Venezuela?
We have been operating a South America debt collection service on a no win no fee basis in Venezuela for over 40 years. Venezuela 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.
Particularly in the matter of collections, we have made collections of various types of obligations, commercial, banking, contracts of telecommunications and entertainment companies, vehicle credits, and from various oil contracts
Statue of Limitation in Venezuela?
Depending on the instrument in which the obligation is, and the type of obligation, the Statute of limitation varies. If it's simple personal obligations, it's usually 10 years. If they are debts on real rights (real estate), they can be up to 20 years. If it is based on bank checks, accepted invoices, bills of exchange, promissory notes, it is 3 years.
Venezuela 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 Venezuela is 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. Other Statute of Limitations include:
Venezuela Open Account Years – 10 years
Venezuela Promissory Notes – 3 years
Venezuela Written Contracts – 10 years with some exceptions
Venezuela Oral Agreements – 10 years with some exceptions
How EU (European Union) laws effect debt collection in Venezuela?
We do not believe that there is any kind of influence in this matter, unless the documents in which the debts are recorded are from the European Union, in which case, it would be necessary to determine whether the domicile competent for judicial collection is the Venezuelan, and if necessary some kind of legal translation or apostille.
There is currently no Free Trade Agreement that have been signed or any ongoing negotiations between Venezuela and European Union.
How many companies registries in Venezuela for businesses (i.e. UK has just 1 central registry)?
In Venezuela there is a Mercantile Registry in each of the 24 states. There are states in which there are more than 1. In Caracas there are 5. A foreign company can register with any of them. In addition, it may be necessary for the company to enroll in other registration systems, depending on the activity to be developed.
There is 1 company registry in Venezuela which is called Servicio Autónomo de Registros y Notarías – SAREN / Sistema RNC en Línea" / National Procurement Service (RNC) – Registered government contractor search located at Av. San Felipe. Saren Headquarters. La Castellana. Altamira. Capital district.
We have access to Venezuela Company Registry searches to find out who further background information on all Venezuela companies.
What is the debt collection process in Venezuela?
In addition to the extrajudicial collection, in which the duration of the same is only the one that the collector understands as a prudential time, the judicial times vary depending on the type of demand that is established.
The ordinary procedure is the one applied by discard. If there is a special procedure, it should be applied with preference. And this type of process is recommended because they are more effective and it is not necessary to demonstrate certain requirements at the procedural level, in order to directly obtain precautionary measures.
There are several special procedures, but basically there are 2, one based on the Ordinary Judgment, and another based on Special Contentious Trials. The Ordinary Trial is a typical contradiction trial in which the defendant is summoned to answer a claim and a period of evidence is opened so that the judgment is then issued by the judge. The Special Contentious Trials are those based on documents (Intimacy lawsuit - for debts contained in documents with liquid and enforceable amounts, that is, based on bank checks, accepted invoices, bills of exchange, promissory notes -, foreclosure claims, collateral guarantees etc.), which are executive and the defendant is not summoned to answer but the court issues a payment order in a certain time, which, if not fulfilled, goes to the execution stage, beginning with the embargo (seizing movable or immovable property).
Average length of time to collect a debt?
Having lawyers specializing in procedural law, we usually do everything possible to be highly effective, and avoid undue delays in the processes, with rapid judgments and if possible, reach reasonable agreements for our clients.
An ordinary trial can last from 2 to 3 years, if we take into account only first and second instance. But depending on the amount, if the amount exceeds 3000 tax units (today it is only worth 50Bs each according to Official Gazette number 41.597, that is, in total Bs. 150,000) almost all debts exceed that amount, which allows that not only have a second instance but appeal to the Supreme Court of Justice, which can last an average of 5 years. A special contentious trial may be much less, but if you have an appeal, it can reach 3 years.
Can late payment fees / interest to be added to claims?
Value debts must be paid with updated amounts according to inflation. If it is in foreign currency, they must be paid in that currency or in national currency at the official rate in force at the time of payment. Everything will depend on what was agreed in the contract.
Costs for judicial proceedings are paid by those who lose out completely in the judicial process. If there is no total defeat, JUDICIAL COSTS (PROFESSIONAL EXPENSES AND ATTORNEY FEES), are assumed by each party.
Details on legal service / process in Venezuela?
It would be necessary to review what type of obligations and what type of contracts they have, to make the pertinent recommendations
It is important to verify whether conciliation procedures have been established prior to the judicial stage, or alternative mechanisms such as arbitration
Venezuela 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 Venezuela 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 Venezuela 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 Venezuela 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.
Venezuela Debt Collection Partners in the following Venezuela Cities
Who are the main trading partners for Venezuela?
Which countries border Venezuela?
What is the Supreme Court in Venezuela?
The Supreme Justice Tribunal (Tribunal Supremo de Justicia or TSJ) is the highest court of law which was established in 1999 and is located in Caracas.