Top-Rated Debt Collection Agency in Liberia

Fast and reliable debt collection in Liberia - 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? 

Recover your debt in Liberia easily with this method.

Debitura specializes in debt recovery services in Liberia, offering a wide range of solutions including accounts receivables management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. Our experienced team of professionals has a thorough understanding of Liberia's debt collection laws and regulations, providing efficient and effective solutions for helping businesses recover outstanding debts.

We provide unwavering assistance throughout the entire debt collection process.

Tailored debt recovery approach.

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

We achieve a success rate of 87% with the most affordable cost.

PARTNERING WITH LOCAL LAWYERS: Expert debt collection services in Liberia.
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The ultimate guide about debt collection in Liberia

Are you having trouble getting money back from a business or customer in Liberia? Don't worry, we can help! We have helped many other businesses recover debt in Liberia.

Collecting debt in Liberia can be difficult because of language and cultural differences, foreign laws, and the distance between countries. But, it's easier when you work with a collection agency that knows the laws and customs of Liberia.

At Debitura, we care about our customers. We will do everything we can to get your money back while still being fair to the other person. We also make sure that our actions don't damage your reputation.

If you want to collect the debt yourself, read this guide to learn about the process of collecting debt in Liberia. If you want to work with a local law firm that specializes in debt recovery in Liberia, we can help you find one.

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 make it easy for you to get back the money that is owed to you in Liberia and over 190 other countries. All you have to do is start by submitting your claim on our website. Within a day, we will evaluate your situation and give you three options for local debt collection lawyers in Liberia to choose from. We use a combination of personal interaction and advanced technology to achieve success and maintain good communication with our clients. This approach helps us to achieve our goals while still maintaining positive relationships with our customers. Furthermore, we have a team of debt collectors, legal representatives, and other partners that we value greatly. These relationships, big or small, help us to get the job done effectively.

We work with the following process: 
1

Upload claim

Begin collecting your debt in Liberia today at no charge. Simply create a free profile and upload your case within 2 minutes.

2

Pre-legal

Our pre-legal recovery process has a track record of success. We will try to collect your claim during the first 3 months with a 100% no-cure-no-pay model.

3

Legal

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

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 Liberia

Are you struggling to get paid by people in Liberia who owe you money? Don't worry, we can help make the process easier for you.

When someone owes money in Liberia, the person who owes the money is called the "debtor" and the person who gave the money or invoice is called the "creditor."

If the creditor collects the money themselves, it's called "first-party collection." But if the creditor hires someone else to collect the money, it's called "third-party collections."

The debt collection process in Liberia

In Liberia, there are several stages involved in the process of collecting debt. The graphic below outlines the typical steps we take when collecting debt.

The debt collection process in Liberia here:
1 Upload your claim:

If you don't want to handle recovering your debt on your own, the first step is to find a company that specializes in collecting debts and submitting your claim to them. One option is Debitura, which will give you three options for local partners in the African country related to your case, all at no cost to you.

2 Amicable collection:

When trying to collect a debt, the first step is usually to send multiple reminders to the person who owes you money. This can be done through email, text messages, letters, and any other way of communicating in the specific country. The goal is to get the debtor to either pay the debt or agree to start a plan to pay it back. With Debitura, there is a no-cure-no-pay solution, which means that you only have to pay a small fee if we are able to collect the debt for you. This means that using Debitura for amicable collections is completely risk-free!

3 Evaluation:

If the person you loaned money to hasn't paid you back after trying to work things out nicely, it's time to think about what to do next. We'll take into account how much money you're owed, the likelihood of getting paid, and other important factors to help you decide what the best course of action is. There are usually three options to choose from.

A Surveillance:

If the amount of money you're claiming is less than $2,000 to $5,000, it usually doesn't make sense to continue with legal proceedings. In those situations, we suggest using "debt surveillance", which involves continuously contacting the person you're trying to get money from and trying to come to a friendly agreement.

B: Legal collections:

It's a good idea to begin a legal procedure for bigger issues. The steps to follow will vary depending on the specifics of your claim. Usually, it takes around a year and a half to complete the process.

C: Debt enforcement:

If the person who owes you money agrees that they owe it to you, or if a judge has ordered them to pay you, you can use a special court to make them give you the money they owe. This court is called the bailiff's court.

5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
"Debitura provided excellent debt collection services in Liberia. Their team was reliable and efficient in recovering our debts in a timely manner. We highly recommend Debitura for debt collection in Liberia!"
Nana Agyemang - Accounts Receivable Specialist.
5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
"Thanks to Debitura, our debt recovery Liberia process went smoothly and efficiently. Their team is highly professional and provided us with top-notch service at an affordable cost. We highly recommend their services!"
Sarah Johnson - Accountant at XYZ Trading Company Inc.
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 Liberia

At Debitura, we provide a safe and efficient way to collect money from someone who owes you. All you have to do is send us your claim, and we'll begin working on it within one day. We'll contact the person who owes you money using various methods, such as email, text messages, letters, phone calls, and social media.

Our goal is to either:

A) get the person to pay the full amount or
B) to agree to a plan to pay the debt over time.

However, if the person disagrees with your claim, we can't use this friendly approach and must move on to a legal process to collect the debt.

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 Liberia

If the person you owe money to has written down that they owe you money, or if a court has said they owe you money, you can go to the bailiff's court in Liberia to get your money.

The process and how much it costs varies depending on your case. You can upload your case onto Debitura to get 3 different quotes 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!

Liberia country risk profile

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

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

The analysis is concluding that the risk of doing business in Liberia is medium-high. Based on this medium-high score, we recommend always charging upfront payment or using credit insurance when trading with customers in Liberia, 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:
6
Business Risk:
6
Business Risk:
6
Business Risk:
6
Business Risk:
6
Business Risk:
6
Political Risk:
5
Political Risk:
5
Political Risk:
5
Political Risk:
5
Political Risk:
5
Political Risk:
5
Commercial Risk:
2
Commercial Risk:
2
Commercial Risk:
2
Commercial Risk:
2
Financing Risk:
4
Financing Risk:
4
Financing Risk:
4
Financing Risk:
4

The economic risk in Liberia

Our conclusion based on the economic risk factors, is that the economic risk in Liberia 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 Liberia is 3,49 bn. USD (2021), growing by 4% per year.

In terms of the size of its economy, Liberia ranks #153 out of 183 countries and has a small economy.

In terms of growth rate, it is ranked #103 out of 183 countries and is therefore considered an excellent growing economy.

GDP per capita is 673 USD, ranking Liberia number #166 out of 183 countries. This means the purchasing power of citizens in Liberia is low compared to the rest of the world.

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

GDP and economic growthLatest value
Economic growth: the rate of change of real GDP4%
Gross Domestic Product, billions of U.S. dollars3,49
GDP per capita, current U.S. dollars673,09
GDP per capita, Purchasing Power Parity1413,45

Another critical driver for the economic risk score is the inflation rate and the interest rates. You can see a more detailed overview of monetary data points in Liberia in the table below:

The business environment risk in Liberia

Our analysis shows that the business environment risk in Liberia is very high (6 out of 6), which is a high 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 Liberia in the table below:

Economic freedom indexLatest value
Property rights index (0-100)30
Freedom from corruption index (0-100)27
Fiscal freedom index (0-100)86
Business freedom index (0-100)49
Monetary freedom index (0-100)58,5
Trade freedom index (0-100)61
Investment freedom index (0-100)55
Financial freedom index (0-100)20
Economic freedom, overall index (0-100)49

As you can see above, the property rights index is 30 in Liberia, 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 49 in Liberia, a quite average score for a country in Africa.

Liberia's overall economic freedom index is 49 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.

The political risk in Liberia

The political risk in Liberia 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 Liberia can be seen in the data below:

Governance and political stability indicators Latest value
Rule of law index (-2.5 weak; 2.5 strong)-0,93
Government effectiveness index (-2.5 weak; 2.5 strong)-1,38
Control of corruption (-2.5 weak; 2.5 strong)-0,92
Political stability index (-2.5 weak; 2.5 strong)-0,24
Corruption Perceptions Index, 100 = no corruption29
Shadow economy, percent of GDP43,67%

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 Liberia, the rule of law index is at -0,93 points, with the score going from -2.5 (weak) to 2.5 (strong). Liberia 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 43,67% of Liberia's GDP.

The commercial risk in Liberia

In Liberia, 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 financing risk in Liberia

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 Liberia in the table below:

Banking system efficiency and stabilityLatest value
Index of legal rights for creditors and borrowers (0 = weak to 12 = strong)10
Credit information sharing index, 0 (low) - 8 (high)0

In Liberia, the credit information sharing index is 0 on a scale from 0 (low) to 8 (high). This means the accessibility and quality of credit information available in Liberia is very low.

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

Your juridical rights as a creditor are 10 out of 12 and, therefore, very strong.

Debt Collection in Liberia: Frequently Asked Questions (FAQ)

How does debt collection work in Liberia?

In Liberia, if someone owes you money, they are the debtor and you are the creditor. You can collect the debt yourself (first-party collection) or hire someone else to do it (third-party collections). The process involves sending reminders to the debtor and trying to come to a friendly agreement. After this, you can choose from three options: debt surveillance, legal collections, or debt enforcement. Debitura is a company that specializes in debt collection in Liberia and can help you through each step of the process.

What is the debt collection process in Liberia?

The debt collection process in Liberia involves three stages: pre-legal collection, legal debt collection, and debt enforcement. It starts with submitting your claim to a company specializing in debt collection. Then, multiple reminders are sent to the debtor to pay the debt or start a repayment plan. If that fails, you can choose to initiate legal proceedings or continuous debt surveillance, depending on the amount of money owed. If the debtor agrees to pay or is ordered by a judge, the bailiff's court can enforce payment. Using Debitura for debt collection in Liberia is risk-free with their no-cure-no-pay solution.

What legal options exist for debt collection in Liberia?

If the debt is disputed, a civil lawsuit is required for debt collection in Liberia. Other legal options include debt enforcement and insolvency proceedings. It's important to note that legal actions require the assistance of a local lawyer. We can provide you with a list of trusted lawyers who can work to negotiate a payment plan or escalate the case to court if necessary. The cost for legal assistance will depend on the complexity of your case, so it's best to compare quotes from multiple lawyers to find the best fit for your needs. Debitura can help you get multiple quotes quickly and easily.

How much does debt collection cost in Liberia?

Debt collection cost in Liberia can vary depending on your case. Debitura offers pre-legal collection under a no-cure-no-pay model with a success fee between 10-20%. For legal actions, the price will vary depending on your specific case and actions needed. Debitura can provide 3 quotes from top debt collection lawyers in Liberia.

How long does debt collection take in Liberia?

The duration of debt collection in Liberia varies depending on the debtor and the case. If resolved in the pre-legal phase, debt collection generally takes 3-6 months. However, if legal actions are required, the process usually takes 12-18 months to collect the debt.