Top-Rated Debt Collection Agency in Algeria
Fast and reliable debt collection in Algeria - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.
In Algeria, recovering your debt is easiest through this way.
Debitura specializes in debt recovery services in Algeria, covering the entire process from accounts receivables management to legal enforcement. Our team of experienced professionals is well-versed in the laws and regulations related to debt collection in Algeria, offering efficient and effective solutions to help businesses recover outstanding debts.
We provide unwavering assistance throughout the entire process.
Tailored collection approach.
We have a team of over 500 experts who specialize in international debt collection.
Our debt collection services achieve a success rate of 87% at the most affordable cost.
SATOR Law Firm has two departments, an industrial property department, and a department in charge of litigation and legal affairs. The industrial property department is specialized in the protection of trademarks, invention patents and designs and models. He ensures the defense of industrial property rights. The legal department covers disputes concerning civil law, social law, labor law and administrative law.
The ultimate guide about debt collection in Algeria
If you have money that someone else owes you from Algeria, you are in the right place. We have helped many other businesses get their money back from people who owe them. It can be very difficult to get money back from someone in another country, but we can help.
At Debitura, we put people first. We do everything we can to get your money back while still preserving a good relationship with your customer. Our strategic public relations efforts are fair and firm-ensuring your reputation is our top priority! If you want to understand the Algerian debt collection process from beginning to end, keep reading this guide. If you prefer working with a local law firm that specializes in debt recovery in Algeria, we can help you.
At Debitura, we can help you collect debt from people in Algeria and 192 other countries. To get started, upload your claim today. We will take a look at it and provide you with 3 free quotes from local debt collection lawyers in Algeria within 24 hours. We use technology to help us manage our contacts and get the results we need, while also preserving customer relationships. In addition, we have a network of debt collectors, attorneys, suppliers and vendors that we work with closely. We value all of these relationships equally.
Begin your debt collection process in Algeria today at no cost. Simply create a free profile and upload your case within 2 minutes.
Our pre-legal recovery process is proven to work. We will try to collect your claim for the first 3 months with a no-cure-no-pay guarantee.
If your debt is still unpaid in the pre-legal phase, we promptly give you three quotes from our debt collection attorneys who operate within your locality.
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Algeria
Do you have trouble getting money that people owe you in Algeria? Do not worry; we can help you get paid by your Algerian customers. If you are owed money, this is called a "debt." The person who owes the debt is called the "debtor," and the person who is owed the debt is called the "creditor." If the creditor collects the debt himself, this is called "first-party collection." If the creditor outsources the collection process to a third party, this is called "third-party collections."
The debt collection process in Algeria
The debt collection process in Algeria is typically conducted in multiple steps.
The image below explains the process we use to collect debt in Algeria:
1 Upload your claim:
If you want someone to help you with your debt, find a debt collection partner. They will help you get your money back. If you use Debitura, we will give you 3 quotes from local partners in the Africa country where your case is. This is free - no strings attached.
2 Amicable collection:
When someone owes you money, we will try to contact them in different ways to ask them to pay you back. This is called a "campaign." We will send reminders through email, SMS, letter, and other ways. If the person pays back the money or agrees to a payment plan, then we have done our job and you will pay us a small success fee. If we don't succeed, you don't have to pay us anything!
If you have not received payment from the debtor after the amicable phase, it is time to evaluate the next steps. We will look at the size of your claim, the payment probability and other factors to guide you in take the best decision on what to do next. There are three typical next steps: going to trial, mediation, or arbitration.
If you are trying to get someone to pay you back an amount of money that is less than 2,000-5,000 Euros, it is often not worth it to take further legal action. In this case, we recommend "debt surveillance." This means that we will keep trying to contact the person who owes you money and try to negotiate a friendly agreement about when they will pay you back.
B: Legal collections:
We suggest that you begin using the legal system if you have a big claim. The steps you need to take will vary depending on the specific situation and how much money is involved. Usually, it takes about a year and a half for the entire process to be completed.
C: Debt enforcement:
If the person you are trying to get money from agrees that you are owed money, or if a judge has said you are owed money, you can go to the bailiff's court to get your money.
Debitura can help you with all three steps in Algeria.
Amicable collection in Algeria
At Debitura, we offer a 100% risk-free and efficient process for Amicable collections. This means that you can submit your claim to us, and we will start working on it within 24 hours.
We will contact your debtor in Algeria by email, text message, letter, phone call, and social media.
The goal of this is to:
A) Get the person who owes you money to pay the whole amount.
B) Get the person who owes you money to say that they owe you money and make a plan to pay it back in small amounts over time.
If the person you are trying to get money from has said that your claim is not true, you cannot try to resolve it peacefully. You must go directly to legal collections.
Get started with
amicable debt collection
Upload your claim and get started with our 100% no-cure-no-pay collection solution.
Legal collection in Algeria
If we haven't been able to pay you during the first phase or the person you borrowed from says they don't owe you money, we will give you 3 free quotes from our local debt collection attorneys. In the legal phase, our local attorney will talk to your debtor and try to negotiate a payment. Our partners can also go to court and get a payment order from the legal system in Algeria. This payment order can then be used to force your debtor to pay you via enforcement court.
The amount of money you will spend on legal fees depends on how big and complicated your claim is. To get the best deal, ask for quotes from more than one attorney. You can do this quickly and easily by using Debitura.
Get started with
legal debt collection
Upload your claim and get 3 FREE quotes from our local collection partners.
Debt enforcement in Algeria
If you have written proof that the person you are claiming money from owes you money, or if a court has ordered them to pay you, you can go to the bailiff's court in Algeria to get your money.
The process and how much it will cost varies depending on your situation. You can upload your case onto Debitura. They will give you 3 quotes within 24 hours.
Get started with
Upload your claim and get 3 FREE quotes from our local collection partners.
Insolvency proceedings in Algeria
The last thing you can do if someone can't pay you back is to start an insolvency procedure. This means selling their things to raise money to pay the people they owe. The order of who gets paid first is decided by law.
Our analysis concludes that the risk of conducting business in Algeria is medium. Based on this medium score, we recommend being careful providing credit and considering charging upfront payment or using credit insurance when trading if you don't know the customer in Algeria well. If possible, provide a short credit period or even better upfront payment. The medium risk score is based on the following factors:
The economic risk in Algeria
Economic risk in Algeria is high (5 out of 6). An economic risk of 5 out of 6 is pretty average in Africa.
GDP and economic growth are critical drivers for economic risk.
The GDP of Algeria is 167,98 bn. USD (2021), growing by 3,85% per year.
In terms of the size of its economy, Algeria ranks #56 out of 183 countries and has a medium-sized economy.
In terms of growth rate, it is ranked #106 out of 183 countries and is therefore considered an excellent growing economy.
GDP per capita is 3765 USD, ranking Algeria number #112 out of 183 countries. This means the purchasing power of citizens in Algeria is pretty average compared to all the countries in the world.
You can see a more detailed picture of GDP and economic growth in Algeria in the table below:
Another big impact for the risk score is the inflation rate and the interest rates. You can see a more detailed overview of monetary data points in Algeria in the table below:
The inflation in Algeria was 7,2% in 2021 which is considered a high inflation rate.
The interest rate for businesses is 8%.
The business environment risk in Algeria
Our analysis shows that the business environment risk in Algeria is high (5 out of 6), which is a pretty average risk score in Africa.
Economic freedom and rights determine the business environment risk in a country. You can see the critical facts for Algeria in the table below:
As you can see in the table, the property rights index is 34 in Algeria, which is considered low in Africa.
The business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study. The Index is 64 in Algeria, a pretty good score for a country in Africa.
Algeria's overall economic freedom index is 50 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.
The political risk in Algeria
The political risk in Algeria is high, with a score of 5/6. This is a pretty average political risk score in Africa.
The governance and political stability indicators are vital drivers for political risk. An overview of Algeria can be seen in the graphs below:
The rule of law index analyses to which extent agents have confidence in and abide by the rules of society, in particular the quality of contract enforcement, property rights, the quality of the courts, and the police's ability to enforce court orders.
When doing business in a country, the rule of law index is critical as it describes your ability to enforce commercial contracts.
In Algeria, the rule of law index is at -0,82 points, with the score going from -2.5 (weak) to 2.5 (strong). Algeria has, therefore, a very low rule of law index, which means it is often close to impossible to enforce your contracts. We, therefore, recommend avoiding credits and recommend charging upfront payment instead.
Other drivers for the high political risks are the very weak control of corruption, the very weak political stability index, and the medium-large shadow economy that is 23,98% of Algeria's GDP.
The commercial risk in Algeria
In Algeria, the commercial risk score is 2/4, which in our model is a low score. This low commercial risk score is pretty average compared to the average in Africa.
The commercial risk is impacted by a country's international trade relationships. You can see some of the key facts for Algeria in the table below:
Algeria has a foreign exchange reserve of 56.21 bn. USD.
Algeria has a negative trade balance of -0,2% of GDP. This means that Algeria imports more goods and services than the country exports.
The annual growth of exports of goods and services has been growing 9,14% annually - now 25,03% of GDP. Import of goods and services represents 25,23% of the GDP in Algeria.
The financing risk in Algeria
We have calculated the financing risk to be 3/4, which equals a medium risk. A medium financing risk score is pretty average for countries in Africa.
The country's banking system, efficiency, and stability influence the financing risk. Additional facts and info can be found for Algeria in the table below:
In Algeria, the credit information sharing index is 0 on a scale from 0 (low) to 8 (high). The consequence of that number, is that the access and quality of credit information available in Algeria is very low.
This makes it very difficult for you to understand the credit risk of your counterpart in Algeria. Unless you have a strong relationship with your customers in Algeria, we highly recommend charging payment upfront or using credit insurance.
Your rights as a creditor are 2 out of 12 and, therefore, very weak.
The medium financing risk for creditors also impacts the high interest rate in the private sector of 8%.
Debt Collection in Algeria: Frequently Asked Questions (FAQs)
Debt collection process in Algeria involves finding a debt collection partner who helps to contact the debtor and request payment, followed by evaluation of the situation to determine the best course of legal action. Debt collection can be done amicably or legally, depending on the amount involved. For debts less than 2,000-5,000 Euros, debt surveillance is recommended while using the legal system is suggested for large claims. The entire process typically takes around a year and a half. Debitura can help with all steps of the process in Algeria.
The debt collection process in Algeria typically involves three steps: pre-legal collection, legal debt collection, and debt enforcement. In the pre-legal collection step, we help you contact the debtor and try to reach a payment plan. If this doesn't work, we move on to legal debt collection, which involves going to trial, mediation, or arbitration. Finally, debt enforcement means going to the bailiff's court to recover your money. Debitura can assist you through all three steps in Algeria.
In Algeria, if a debt is disputed, a civil lawsuit is required for legal collection. Debt enforcement and insolvency proceedings are also options. It's important to note that legal actions require a local lawyer. We offer 3 free quotes from our local debt collection attorneys and can assist with negotiation or court proceedings if necessary. Insolvency proceedings may also be an option as a last resort. Legal fees vary depending on the complexity of the case.
The cost of debt collection in Algeria varies, but Debitura offers a no-cure-no-pay model for pre-legal collection with a success fee between 10-20%. The cost for legal action depends on your specific case, but Debitura can provide you with three quotes from the best debt collection lawyers in Algeria.
The length of time it takes to collect a debt in Algeria depends on various factors, including the debtor's cooperation and the case's complexity. If the case is resolved in the pre-legal phase, it can take about 3-6 months. However, if legal actions are necessary, it generally takes around 12-18 months to collect the debt.