Top-Rated Debt Collection Agency in Guinea

Fast and reliable debt collection in Guinea - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.

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4.97/5 Average rating from 600+ reviews
WHY USE DEBITURA? 

Recovering your debt in Guinea is made easier with this method.

Debitura specializes in debt recovery services in Guinea, catering to businesses that require accounts receivables management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. Our team of experienced professionals has a broad understanding of the country's debt collection laws and regulations, enabling us to offer efficient yet effective solutions to help clients recover their outstanding debts.

Receive unwavering assistance throughout the entire process.

Tailored debt recovery approach.

We have a team of over 500 experts who specialize in international debt collection.

Achieving a 87% success rate at the most affordable cost.

INTRODUCING OUR LEGAL PARTNERS: Leading Debt Collection Lawyers in Guinea
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The ultimate guide about debt collection in Guinea

Do you have money that someone else in Guinea owes you? If so, we can help you get it back! We have helped hundreds of other businesses get money back from people who owe them.

It can be very hard to get money back from someone who lives in another country. There are lots of different rules and it can be difficult to communicate. But it is easier when you use a collection agency that knows the laws and customs of the country where the person who owes you money lives.

At Debitura, we help you get your money back while still having a good relationship with your customer. We are fair but firm in our public relations efforts. This means that we will do everything we can to help you keep your good reputation. If you want to learn more about how to collect debt yourself, keep reading this guide. If you would rather work with a local law firm that specializes in debt recovery in Guinea, we can help you with that too.

New to debt collection?
The debt collection process can be complex and daunting for those new to it. Our team of experts is here to help you understand the process and navigate it with ease. Get free expert advice on your specific case, provided by our team of experienced professionals.

At Debitura, we have a easy way for you to get your money back from someone who owes you money. You can start by uploading your claim today. We will look at it and give you three ideas of who to talk to within 24 hours. They are people who can help you get your money back. We use a people-oriented approach with the latest tech-driven solutions to get results and provide better contact management. This 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.

We work with the following process: 
1

Upload claim

Begin the process of debt collection in Guinea today at no cost. Simply create a free profile and upload your case in just 2 minutes.

2

Pre-legal

Our proven pre-legal recovery process will be utilized for the first 3 months in an attempt to recover your claim, with a 100% no-cure-no-pay policy.

3

Legal

If your claim remains unpaid during the pre-legal phase, we will offer you three quotes from our nearby debt collection lawyers.

4

24/7 updates

You get access to our online portal where you can track your case in real-time

Introduction to collecting debt in Guinea

Do you have trouble getting paid by your Guinean customers? We can help. The person who owes money is called the debtor, and the person who issued the 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 Guinea

The debt collection process in Guinea is done in more than one step.

The image below explains our standard process for collecting debt in Guinea.

1 Upload your claim:

If you want someone to help you get your money back, you will need to find a debt collection partner. You can upload your claim to their website. Debitura provides 3 quotes from local partners in the Africa country that is relevant to your case. This service is free and there are no strings attached.

2 Amicable collection:

The collection process usually starts with sending reminders to the debtor through email, SMS, letter, and other available communication channels in the specific country. The goal is to get the debtor to pay or agree to a payment plan. Debitura offers a no-cure-no-pay solution for amicable collection, which means you only have to pay a small success fee if we're able to recover your debt. Therefore, amicable collections with Debitura are 100% risk-free!

3 Evaluation:

If you have not gotten paid after trying to work it out, it is time to look at what to do next. We will look at how much you are owed, the chance of getting paid and other things to help you decide what is the best thing to do. There are three common next steps:

A: Surveillance:

If your claim is below €2,000-5,000, it is not worth it to take more legal action. In this case, we recommend "debt surveillance." This means that we will keep trying to contact the person you owe money to and try to reach an agreement about how much they will pay you back.

B: Legal collections:

We suggest beginning a formal procedure for bigger demands. The specific steps for this procedure vary depending on what type and how much you are claiming. Usually, it takes about a year and a half to complete the process.

C: Debt enforcement:

If the person you think owes you money agrees with you, or if a judge says they owe you money, you can go to the bailiff's court to get your money.

Debitura can help you with all three steps in Guinea.

5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
"Debitura's debt collection services in Guinea have been exceptional. They provided us with a skilled attorney who recovered our debt efficiently and at a fair price. Their transparent model allowed us to understand the process fully. Highly recommend!"
Mariama Sow - CEO of a small business.
5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
“Thanks to Debitura, we were able to successfully recover outstanding debts in Guinea. The process was hassle-free and their professional approach made all the difference. We highly recommend their debt recovery services in Guinea.”
Fatoumata Diallo - Accountant at XYZ Company Guinea.
4.97/5
Average rating based on feedback from over 600 satisfied clients
87%
Average debt recovery rate, exceeding industry standards
100M+
Debt recovered for our clients in the past 18 months

Amicable collection in Guinea

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 get started on it within 24 hours.

We will contact your debtor using all available channels in Guinea, which may include email, text messages, letters, phone calls, and social media.

The goal of this process is to:


A) Make the person who owes you money 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.

If the person you think owes you money says they do not owe you money, you cannot try to resolve it without involving lawyers.

Get started with
amicable debt collection

Upload your claim and get started with our 100% no-cure-no-pay collection solution.

100% free
Get the best price
No-cure-no-pay
Fast collection process
High recovery rate
100%
Risk free
Upload claim!

Debt enforcement in Guinea

If you have a written acknowledgement of your claim from the debtor, or a court order, you can ask the bailiff's court in Guinea to help you get what you are owed from the debtor.


The process and how much it costs varies depending on your case. You can upload your case to Debitura. They will give you 3 specific quotes for your claim within 24 hours.

Get started with
debt enforcement

Upload your claim and get 3 FREE quotes from our local collection partners.

100% free
Get the best price
No-cure-no-pay
Fast collection process
High recovery rate
100%
Risk free
Upload claim!

Insolvency proceedings in Guinea

If the person you owe money to cannot pay you back, you can start a process called insolvency. This means that their assets will be sold and the money will be given to the people they owe, following a priority list.

Guinea country risk profile

We have studied Guinea's critical financial data and extrapolated a risk assessment. You can use this analysis to assess your payment terms and manage your risk when doing business with customers in Guinea.

Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26

Our analysis concludes that the risk of conducting business in Guinea is medium-high. Based on this medium-high score, we recommend always charging upfront payment or using credit insurance when trading with customers in Guinea, as it may be very difficult to get paid. The medium-high risk score is based on the following factors:

Economic Risk:
6
Economic Risk:
6
Economic Risk:
6
Economic Risk:
6
Economic Risk:
6
Economic Risk:
6
Business Risk:
5
Business Risk:
5
Business Risk:
5
Business Risk:
5
Business Risk:
5
Business Risk:
5
Political Risk:
6
Political Risk:
6
Political Risk:
6
Political Risk:
6
Political Risk:
6
Political Risk:
6
Commercial Risk:
2
Commercial Risk:
2
Commercial Risk:
2
Commercial Risk:
2
Financing Risk:
3
Financing Risk:
3
Financing Risk:
3
Financing Risk:
3

The economic risk in Guinea

Economic risk in Guinea 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 Guinea is 15,85 bn. USD (2021), growing by 3,12% per year.

In terms of the size of its economy, Guinea ranks #122 out of 183 countries and has a medium-sized economy.

In terms of growth rate, it is ranked #125 out of 183 countries and is therefore considered an excellent growing economy.

GDP per capita is 1174 USD, ranking Guinea number #150 out of 183 countries. This means the purchasing power of citizens in Guinea is low compared to the rest of the world.

You can see a more detailed picture of GDP and economic growth in Guinea in the table below:

GDP and economic growthLatest value
Economic growth: the rate of change of real GDP3,12%
Gross Domestic Product, billions of U.S. dollars15,85
GDP per capita, current U.S. dollars1174,35
GDP per capita, Purchasing Power Parity2620,25

Another major impact 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 Guinea in the table below:

Monetary KPI'sLatest value
Inflation: percent change in the Consumer Price Index12,6%

The inflation in Guinea was 12,6% in 2021 which is considered a very high inflation rate.

The business environment risk in Guinea

Our analysis shows that the business environment risk in Guinea is high (5 out of 6), which is a pretty average risk score in Africa.

The business environment risk are determined by the level of economic freedom and rights in a country. The critical facts for Guinea in the table below:

Economic freedom indexLatest value
Property rights index (0-100)32
Freedom from corruption index (0-100)22
Fiscal freedom index (0-100)70
Business freedom index (0-100)47
Monetary freedom index (0-100)70,5
Trade freedom index (0-100)66
Investment freedom index (0-100)50
Financial freedom index (0-100)40
Economic freedom, overall index (0-100)57

As you can see in the table, the property rights index is 32 in Guinea, 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 47 in Guinea, a quite low score for a country in Africa.

Guinea's overall economic freedom index is 57 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.

The political risk in Guinea

The political risk in Guinea is very high, with a score of 6/6. This is a relatively high political risk score in Africa.

The governance and political stability indicators are vital drivers for political risk. An overview of Guinea can be seen in the table below:

Governance and political stability indicators Latest value
Rule of law index (-2.5 weak; 2.5 strong)-1,13
Government effectiveness index (-2.5 weak; 2.5 strong)-0,92
Control of corruption (-2.5 weak; 2.5 strong)-1
Political stability index (-2.5 weak; 2.5 strong)-0,97
Corruption Perceptions Index, 100 = no corruption25
Shadow economy, percent of GDP41,58%

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 Guinea, the rule of law index is at -1,13 points, with the score going from -2.5 (weak) to 2.5 (strong). Guinea 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 very high political risks are the very weak control of corruption, the very weak political stability index, and the very large shadow economy that is 41,58% of Guinea's GDP.

The commercial risk in Guinea

In Guinea, 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 Guinea in the table below:

International trade and investment Latest value
Exports of goods and services as percent of GDP53,35%
Exports of goods and services, annual growth3,4%
Imports of goods and services as percent of GDP33,16%
Trade balance as percent of GDP20,19
Trade balance, billion USD4.91

Guinea has a positive trade balance of 20,19% of GDP. This means that Guinea imports fewer goods and services than the country exports.

The annual growth of exports of goods and services has been growing 3,4% annually - now 53,35% of GDP. Import of goods and services represents 33,16% of the GDP in Guinea.

The financing risk in Guinea

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. You can find the extra information for Guinea in the table below:

Banking system efficiency and stabilityLatest value
Index of legal rights for creditors and borrowers (0 = weak to 12 = strong)6
Credit information sharing index, 0 (low) - 8 (high)0

In Guinea, the credit information sharing index is 0 on a scale from 0 (low) to 8 (high). The result of this, is that the access and trustworthiness of the credit information in Guinea is very low.

This makes it very difficult for you to understand the credit risk of your counterpart in Guinea. Unless you have a strong relationship with your customers in Guinea, we highly recommend charging payment upfront or using credit insurance.

Your juridical rights as a creditor are 6 out of 12 and, therefore, weak.

Debt collection in Guinea: Frequently Asked Questions

How does debt collection work in Guinea?

Debt collection in Guinea can be done through first-party or third-party collection. The process usually starts with amicable collection to reach an agreement on payment. If unsuccessful, there are three options: debt surveillance for smaller claims; legal collection for bigger demands, taking around a year and a half; or debt enforcement by going to the bailiff's court. Debitura offers a free service to upload claims and provides 3 quotes from local partners. Amicable collection with Debitura is risk-free and only charges a small success fee.

What is the debt collection process in Guinea?

The debt collection process in Guinea involves three steps: pre-legal collection, legal debt collection, and debt enforcement. It begins with uploading your claim to a debt collection partner's website, followed by amicable collection, sending reminders to the debtor to pay or agree to a payment plan. If unsuccessful, evaluation of the situation follows. The common next steps include surveillance for small claims, initiating legal proceedings for bigger ones, and debt enforcement for cases ruled in favor of the creditor. Debitura can assist with all three steps in Guinea.

What legal options exist for debt collection in Guinea?

If the debtor disputes your claim in Guinea, a civil lawsuit is required. Legal options for debt collection include debt enforcement and insolvency proceedings, both of which require the assistance of a local lawyer. Our platform can connect you with local debt collection attorneys who can negotiate with the debtor or go to court to get a payment order. The cost of legal actions depends on the complexity of your case and the amount of your claim. Insolvency proceedings may be an option if the debtor is unable to pay.

How much does debt collection cost in Guinea?

Debitura offers a no-cure-no-pay model for pre-legal debt collection in Guinea with a success fee between 10-20%. The cost for legal actions varies depending on your specific case & required actions. Debitura can provide you with 3 quotes from the best debt collection lawyers in Guinea to help you choose the best option for your needs.

How long does debt collection take in Guinea?

The duration of debt collection in Guinea varies depending on the debtor's response and the particular case. If the issue can be resolved in the pre-legal phase, it usually takes 3-6 months. On the other hand, if legal actions are required, it can take 12-18 months to resolve the matter. The timeline is influenced by several factors, but we strive to resolve cases as quickly and efficiently as possible.