Top-Rated Debt Collection Agency in Angola
Fast and reliable debt collection in Angola - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.
Recovering your debt in Angola made easy.
Debitura is a leading specialist in debt recovery services in Angola. Our experienced team provides a comprehensive range of solutions that includes managing accounts receivable, issuing debt collection notices, pre-legal and legal debt collection, and conducting enforcement court proceedings. We have extensive knowledge and expertise in the laws and regulations governing debt collection in Angola, which enables us to deliver efficient and effective solutions to help businesses recover their outstanding debts.
We offer comprehensive support throughout the entire debt collection process.
Tailored collection approach.
We have more than 500 experts available for debt collection on an international level.
Achieving a success rate of 87% at the most affordable cost.
The ultimate guide about debt collection in Angola
Do you have a financial claim against a business or customer in Angola? Then we can help you! We have helped hundreds of other businesses recover debt in Angola.
Collecting a debt in Angola can be difficult because of language and cultural barriers, foreign laws and customs, and distance. But it is simpler when you use a collection agency that knows the laws and customs of the country where the debtor resides.
At Debitura, we care about people. We want to help you get your money back, but also keep a good relationship with the person you borrowed from. Our PR efforts are fair but firm- which means we will always try to do what is best for you! If you want to learn more about how to collect debt in Angola, keep reading this guide. But if you would rather work with a law firm that specializes in this, we can help you with that too.
Debitura helps you collect money that people owe you. You can start today by uploading your claim. We will look at your case and provide you with 3 free quotes from local debt collection lawyers within 24 hours. We use a people-oriented approach with the latest tech-driven solutions to drive results and provide better contact management. This comprehensive method gets the results you need while preserving customer relationships. In addition, our network of debt collectors, attorneys, suppliers and vendors are cherished relationships that allows us to get the job done. We value each of these relationships, no matter how small or large.
Begin the process of collecting your debt in Angola today without any costs involved. Simply create a free profile and upload your case within 2 minutes.
Our proven pre-legal recovery process will be used to collect your claim during the first three months. If we don't collect anything, you won't be charged.
If your claim remains unpaid during the pre-legal stage, we offer you three quotes from our nearby debt collection lawyers.
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Angola
Do you have trouble getting paid by your Angolan customers? We can help you. The person who owes the debt is called the debtor, and the person who issued the debt or invoice 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 Angola
The debt collection process in Angola typically involves multiple steps.
The image below shows the process we use to collect debt in Angola:
1 Upload your claim:
If you want someone to help you get your money back, you will need to find a debt collection partner. This is a person or company that helps people get money back from someone who owes them money. You can upload your claim, or request, onto their website. If you use Debitura, we will provide you with 3 quotes, or estimates, from local partners in the Africa country where your case is located. This service is free - which means there are no conditions or requirements that you must agree to in order to receive this service.
2 Amicable collection:
The collection process usually starts with sending reminders to the person who owes you money. This is called a campaign. The reminders go through email, text, letter, and other ways of communication in the specific country. The goal is to get the debtor to pay or agree that they owe the debt and start a plan to pay it back. Debitura offers a no-cure-no-pay solution for amicable collection, which means you only have to pay a small success fee if we recover your debt. Amicable collections with Debitura are 100% risk-free!
If you have not yet received payment from the debtor, it is time to consider what to do next. We will look at the size of your claim, the chance of getting paid and other factors to help you decide what the best next step is. There are three typical next steps:
If you are owed less than 2,000-5,000 euros, it is often not worth it to take legal action. In this case, we recommend "debt surveillance." This means we will keep trying to contact the person who owes you money and try to reach a friendly agreement.
B: Legal collections:
It's a good idea to take legal action if you have a big claim. The steps you need to take will vary depending on what you're claiming and how much it's worth. Usually, it takes around a year and a half for the whole process to be finished.
C: Debt enforcement:
If the person you are owed money from has said that they owe you money, or if there is a court order, you can ask the bailiff to help you get your money.
At Debitura, we can help you with all three steps in Angola.
Amicable collection in Angola
At Debitura we offer a 100% risk-free and very efficient process for Amicable collections. Simply submit your claim, and we will get started within 24 hours.
We will try to contact the person you owe money to in Angola through different ways, such as email, text messages, letters, phone calls, 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 start a plan to pay you back.
If the person you are trying to get money from has disputed your claim, you cannot try to resolve it peacefully. You must go directly to legal collections.
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amicable debt collection
Upload your claim and get started with our 100% no-cure-no-pay collection solution.
Legal collection in Angola
If the person you owe money to does not pay you back, or if they disagree that they owe you money, we will give you three free quotes from local lawyers. The lawyer will try to talk to the person and get them to agree to pay the money. If that does not work, the lawyer can go to court and get a payment order. This is a legal document that says the person owes you money.
The amount of money you will pay a lawyer for their help depends on how difficult your case is and how much work it will take. To get the best price, ask for quotes from more than one lawyer so you can compare them. You can do this easily by using Debitura.
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legal debt collection
Upload your claim and get 3 FREE quotes from our local collection partners.
Debt enforcement in Angola
If you have a written acknowledgement of your claim from the debtor or a court order, you can use the bailiff's court in Angola to get your claim enforced.
The process and how much it will cost varies depending on your situation. You can upload your case to Debitura to get 3 different quotes based on your claim within 24 hours.
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Upload your claim and get 3 FREE quotes from our local collection partners.
Insolvency proceedings in Angola
The final stage you can initiate if your debtor cannot pay his debts is an insolvency procedure. The goal of this procedure is to sell the debtor's assets and give the money to the creditors following the debt priorities.
Our analysis concludes that the risk of conducting business in Angola is medium-high. Based on this medium-high score, we recommend always charging upfront payment or using credit insurance when trading with customers in Angola, as it may be very difficult to get paid. The medium-high risk score is based on the following factors:
The economic risk in Angola
Economic risk in Angola is very high (6 out of 6). An economic risk of 6 out of 6 is relatively high in Africa.
GDP and economic growth are critical drivers for economic risk.
The GDP of Angola is 72,55 bn. USD (2021), growing by 0,7% per year.
In terms of the size of its economy, Angola ranks #69 out of 183 countries and has a medium-sized economy.
Having a view at the growth rate, it is ranked #159 out of 183 countries and is therefore considered a slow-growing economy.
GDP per capita is 2138 USD, ranking Angola number #133 out of 183 countries. This means the purchasing power of citizens in Angola is low compared to the rest of the world.
You can see a more detailed picture of GDP and economic growth in Angola in the table below:
Another critical driver for the economic risk score is the inflation rate and the interest rates. You can see a more detailed picture of monetary key performance indicators in Angola in the table below:
The interest rate for businesses is 19,4%.
The business environment risk in Angola
Our analysis shows that the business environment risk in Angola is high (5 out of 6), which is a pretty average risk score in Africa.
Economic freedom and rights has a big influence on the business environment risk in a country. You can see the critical facts for Angola in the table below:
In the above table, you can see, the property rights index is 30 in Angola, 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 57 in Angola, a pretty average score for a country in Africa.
Angola's overall economic freedom index is 54 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.
The political risk in Angola
The political risk in Angola 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 critical drivers for political risk. An overview of Angola can be seen in the table 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 Angola, the rule of law index is at -0,95 points, with the score going from -2.5 (weak) to 2.5 (strong). Angola 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 very large shadow economy that is 35,25% of Angola's GDP.
The commercial risk in Angola
In Angola, the commercial risk score is 3/4, which in our model is a medium score. This medium commercial risk score is relatively high compared to the average in Africa.
The commercial risk is relying on a country's international trade relationships. You can see some of the key facts for Angola in the table below:
Angola has a foreign exchange reserve of 14.47 bn. USD.
Angola has a positive trade balance of 22,82% of GDP. What this means is that Angola imports fewer goods and services than the country exports.
The annual growth of exports of goods and services has been growing -10,7% annually - now 37,87% of GDP. Import of goods and services represents 15,05% of the GDP in Angola.
The financing risk in Angola
We have calculated the financing risk to be 4/4, which equals a high risk. A high financing risk score is relatively high for countries in Africa.
The country's banking system, efficiency, and stability influence the financing risk. Additional facts and info can be found for Angola in the table below:
In Angola, 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 Angola is very low.
This makes it very difficult for you to understand the credit risk of your counterpart in Angola. Unless you have a strong relationship with your customers in Angola, we highly recommend charging payment upfront or using credit insurance.
Your legal rights as a creditor (and as a borrower) are 1 out of 12 and, therefore, very weak.
The high financing risk for creditors also impacts the high interest rate in the private sector of 19,4%.
Debt Collection in Angola: Frequently Asked Questions
Debt collection in Angola typically involves sending reminders to the debtor to pay or agree on a plan. If unsuccessful, legal action may be taken, which can take up to 1.5 years to complete. Debt surveillance may be recommended for smaller claims, while debt enforcement can be pursued with a court order. Debitura offers a risk-free amicable collection service and can provide quotes from local partners. We can assist with all three steps of the process in Angola.
The debt collection process in Angola typically involves 3 steps: pre-legal collection, legal debt collection, and debt enforcement. Pre-legal collection involves sending reminders to the debtor to pay or agree to a payment plan. Legal debt collection is recommended for bigger claims and takes around a year and a half to complete. Debt enforcement is an option if the debtor admits they owe money or there is a court order. At Debitura, we can help you with all three steps in Angola.
In Angola, if a debt is disputed, a civil lawsuit is necessary. Debt enforcement and insolvency proceedings are also options. These legal actions require a local lawyer. At Debitura, we offer three free quotes from local lawyers who can assist with debt collection. The cost of legal assistance depends on the difficulty of the case, so comparing quotes is recommended. In the event of insolvency, the debtor's assets are sold and the proceeds are distributed to the creditors.
At Debitura we offer a no-cure-no-pay model for pre-legal debt collection in Angola with a success fee between 10-20%. For legal actions, the price varies depending on the specifics of your case and your desired actions. We can provide you with 3 quotes from the best debt collection lawyers in Angola to help you make an informed decision about the cost.
The duration of debt collection in Angola varies depending on the debtor and the case. If the case is resolved in the pre-legal phase, the process typically takes 3-6 months. However, if legal action is necessary, the process can take 12-18 months. It's important to understand the specifics of your case and work with a reputable debt collection agency to ensure a smooth and efficient process.