Top-Rated Debt Collection Agency in Gabon
Fast and reliable debt collection in Gabon - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.
Recovering your debt in Gabon is easiest through this method.
Debitura is a Gabon-based company that specializes in debt recovery. Our team of professionals provides a wide array of services such as accounts receivables management, pre-legal and legal debt collection, debt collection notices, and enforcement court proceedings. We are proficient in Gabon's debt collection laws and regulations, ensuring that we offer efficient and effective solutions to help businesses recover their outstanding debts.
Receive unwavering assistance from the beginning until the end.
Tailored collection approach.
We have a team of over 500 experts specializing in international debt collection.
Achieving a 87% success rate at the most affordable cost.
The ultimate guide about debt collection in Gabon
If you have money that someone else owes you from Gabon, 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 Gabon because of the language barrier, different laws and customs, and because it is so far away. But it is easier to get your money back when you use a collection agency that knows the laws and customs of Gabon.
At Debitura, we prioritize people. We do everything we can to get your money back while still having a good relationship with your customer. Our public relations efforts are fair and firm. We make sure that your reputation is our top priority! If you want to collect the debt yourself and understand the Gabonese debt collection process, continue reading this guide. If you prefer working with a local law firm that specializes in debt recovery in Gabon, we can help you with that too.
At Debitura, we provide an easy way for you to collect your debt in Gabon and 192 other countries. To get started, upload your claim today. We will assess your case and provide you with 3 free quotes from local debt collection lawyers in Gabon 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 your debt collection process in Gabon today at no cost. Simply create a complimentary profile and upload your case in as little as two minutes.
Our pre-legal recovery process has a proven track record. During the first 3 months, we will attempt to collect your claim using this method. If we are unsuccessful, there is no charge to you. This is a 100% no-cure-no-pay service.
If your claim remains unpaid during the pre-legal phase, we'll give you three quotes from debt collection attorneys in your area.
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Gabon
Do you have trouble getting paid by your Gabonese customers? We can help you collect what they owe you. When we talk about collecting debt, the person who owes money is called the debtor and the person who is owed money is called the creditor. If the creditor collects the debt himself, it's called first-party collection. But if he uses someone else to help him collect it, that's called third-party collection.
The debt collection process in Gabon
In Gabon, the debt collection process usually happens in more than one step.
The picture below shows how we usually collect debt in Gabon:
1 Upload your claim:
If you want to get your money back from someone who owes it to you, you can find a company to help you. This company will help you get your money back from the person who owes it to you. You can find a company like this by going onto the Debitura website. Once you are on the website, they will give you 3 different companies that can help you in the Africa country that is related to your case. This service is free and there are no strings attached.
2 Amicable collection:
The collection process begins when we send reminders to the person who owes you money. We do this through email, SMS, letter, and other ways. 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 solution where you only have to pay us a success fee if we recover your debt successfully. This means that there is no risk for you!
If the person you are owed money from has not paid you after you have talked to them, it is time to decide what to do next. We will look at the amount of money you are owed, the chance of getting paid, and other factors to help you decide what to do. There are three typical next steps:
If the amount of money you are owed is less than 2,000 to 5,000 Euros, it is often not worth it to take any more 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 reach an agreement about how much they will pay back.
B: Legal collections:
We suggest beginning a legal procedure for bigger legal issues. The specific procedure will vary based on the kind and amount of your claim. Usually, it is anticipated to take around one to one and a half years to complete.
C: Debt enforcement:
If the person you are owed money from has said that they owe you money, or if you have a court order, you can go to the bailiff's court to get your money.
At Debitura, we can help you with all three steps in Gabon.
Amicable collection in Gabon
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 through different ways in Gabon. This might include sending emails, texts, letters, making phone calls, or using social media.
There are two ways to get the debtor to pay:
A) They pay the full amount.
B) They agree to a payment plan.
If the debtor has disputed your claim, you cannot start with an amicable resolution. You must start with 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 Gabon
If you have not been paid during the amicable phase or the debtor disputes your claim, we will provide you with 3 free quotes from our local debt collection attorneys. In the legal phase, our local attorney will reach out to your debtor and try to negotiate a payment. Our partners can also go to court and get a payment order via the legal system in Gabon. This payment order can then be used to enforce your claim via enforcement court.
Legal fees can be different depending on how complicated your case is and how big it is. To get the best price, it is a good idea to ask for quotes from more than one attorney. You can do this 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 Gabon
If you have written proof that the person you are suing agrees that you are owed money, or if a judge has said you can sue, you can go to the bailiff's court in Gabon to get your money.
The process and how much it will cost varies depending on your situation. You can upload your case to Debitura. They will give you 3 different quotes based on your claim within 24 hours.
Get started with
Upload your claim and get 3 FREE quotes from our local collection partners.
Insolvency proceedings in Gabon
The final stage you can initiate if your debtor cannot pay his debts is an insolvency procedure. The goal of this procedure is to liquidate, or get rid of, the debtor's assets and give them to the creditors following the debt priorities.
The analysis is concluding that the risk of doing business in Gabon is medium-high. Based on this medium-high score, we recommend always charging upfront payment or using credit insurance when trading with customers in Gabon, as it may be very difficult to get paid. The medium-high risk score is based on the following factors:
The economic risk in Gabon
Our conclusion based on the economic risk factors, is that the economic risk in Gabon 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 Gabon is 18,27 bn. USD (2021), growing by 1,51% per year.
In terms of the size of its economy, Gabon ranks #114 out of 183 countries and has a medium-sized economy.
Having a view at the growth rate, it is ranked #150 out of 183 countries and is therefore considered a slow-growing economy.
GDP per capita is 8017 USD, ranking Gabon number #74 out of 183 countries. This means the purchasing power of citizens in Gabon is average compared to the rest of the world.
You can see a more detailed picture of GDP and economic growth in Gabon 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 KPIs in Gabon in the table below:
The business environment risk in Gabon
Our analysis shows that the business environment risk in Gabon is very high (6 out of 6), which is a high risk score in Africa.
Economic freedom and rights determine the business environment risk in a country. You can see the critical facts for Gabon in the table below:
Economic freedom indexLatest valueProperty rights index (0-100)24Freedom from corruption index (0-100)36Fiscal freedom index (0-100)78Business freedom index (0-100)55Monetary freedom index (0-100)84,5Trade freedom index (0-100)57Investment freedom index (0-100)60Financial freedom index (0-100)40Economic freedom, overall index (0-100)58
As you can see in the table, the property rights index is 24 in Gabon, 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 55 in Gabon, a quite average score for a country in Africa.
Gabon's overall economic freedom index is 58 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.
The political risk in Gabon
The political risk in Gabon 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 important drivers for political risk. An overview of Gabon can be seen in the table below:
Governance and political stability indicatorsLatest valueRule of law index (-2.5 weak; 2.5 strong)-0,7Government effectiveness index (-2.5 weak; 2.5 strong)-0,78Control of corruption (-2.5 weak; 2.5 strong)-0,85Political stability index (-2.5 weak; 2.5 strong)-0,09Corruption Perceptions Index, 100 = no corruption31Shadow economy, percent of GDP52,01%
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 trading with businesses in a country, the rule of law index is critical as it describes your ability to enforce commercial contracts.
In Gabon, the rule of law index is at -0,7 points, with the score going from -2.5 (weak) to 2.5 (strong). Gabon 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 weak political stability index, and the very large shadow economy that is 52,01% of Gabon's GDP.
The commercial risk in Gabon
In Gabon, 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 Gabon in the table below:
International trade and investmentLatest valueExports of goods and services as percent of GDP53,2%Exports of goods and services, annual growth0,63%Imports of goods and services as percent of GDP20,47%Trade balance as percent of GDP32,74
Gabon has a positive trade balance of 32,74% of GDP. The meaning of this is that Gabon imports fewer goods and services than the country exports.
The annual growth of exports of goods and services has been growing 0,63% annually - now 53,2% of GDP. Import of goods and services represents 20,47% of the GDP in Gabon.
The financing risk in Gabon
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 Gabon in the table below:
Banking system efficiency and stabilityLatest valueIndex of legal rights for creditors and borrowers (0 = weak to 12 = strong)6Credit information sharing index, 0 (low) - 8 (high)2
In Gabon, the credit information sharing index is 2 on a scale from 0 (low) to 8 (high). The result of this, is that the access and trustworthiness of the credit information in Gabon is low.
This makes it very difficult for you to understand the credit risk of your counterpart in Gabon. Unless you have a strong relationship with your customers in Gabon, we highly recommend charging payment upfront or using credit insurance.
Your rights as a creditor are 6 out of 12 and, therefore, weak.
Debt Collection in Gabon: Frequently Asked Questions (FAQ)
In Gabon, debt collection usually happens in multiple steps. Firstly, you can upload your claim onto a collection company's website who will help you get your money back. Then, reminders are sent to the debtor to encourage payment or agreement on a payment plan. If the debt remains unpaid, the creditor can decide to undertake surveillance or legal collections. For larger debts or court orders, debt enforcement can be pursued through the bailiff's court. Debitura can help with all three steps in Gabon, with a success fee only charged upon successful debt recovery.
The debt collection process in Gabon typically includes three steps: pre-legal collection, legal debt collection, and debt enforcement. After uploading your claim to a collection company, they will attempt to collect the debt amicably through reminders and negotiations. If unsuccessful, they will evaluate the situation and recommend either debt surveillance or legal collections. Debt enforcement is the last step if a court order is obtained or if the debtor agrees to pay. Debitura can assist with all three steps in Gabon.
Legal action for debt collection in Gabon requires a civil lawsuit. Debt enforcement and insolvency proceedings are also options. Local lawyers are necessary for legal actions. Our website can provide you with quotes from local debt collection attorneys in Gabon to negotiate payment or obtain a payment order through the court system. Legal fees may vary based on the complexity of the case and size of the debt. An insolvency procedure may be initiated if the debtor is unable to pay.
Debitura offers a no-cure-no-pay model for pre-legal debt collection in Gabon with a success fee between 10-20%. Price for legal action varies depending on the case and desired actions. Debitura can provide 3 quotes from the best debt collection lawyers in Gabon.
The duration of debt collection in Gabon depends on the debtor and the case. If resolved in the pre-legal phase, it takes about 3-6 months. However, if legal action is required, it can take 12-18 months. The timeframe largely depends on the specific circumstances of each case.