Top-Rated Debt Collection Agency in Libya

Fast and reliable debt collection in Libya - 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 Libya can be made simple with this easy option.

Debitura specializes in debt recovery within Libya, offering a wide range of services led by highly skilled professionals. From managing accounts receivable to delivering debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings, we cover it all. With an in-depth understanding of Libya's debt collection laws and regulations, we aim to provide businesses with prompt and productive solutions that yield optimal results in recovering any outstanding debts.

Continuous support from beginning to end.

Tailored debt recovery approach.

We have a team of over 500 experts dedicated to international debt collection.

We offer the lowest cost debt collection services with a success rate of 87%.

INTRODUCING OUR PARTNERS: Leading Debt Collection Lawyers in Libya.
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The ultimate guide about debt collection in Libya

If you are owed money by a business or customer in Libya, we can help you. We have helped hundreds of businesses get their money back from people in Libya.


It can seem impossible to collect a debt in Libya. Language and cultural barriers, foreign laws and customs, and sheer distance all make it very hard.


Debt recovery is simpler when you use a collection agency that knows the laws and customs of the country where the debtor lives.


At Debitura, our number one priority is always the person owing the debt. We do everything we can to get your money back while still keeping a good relationship with the customer. Our efforts are fair, but firm- making sure your reputation is in good standing is our top priority! If you would like to read more about how to collect the debt yourself and understand the Libyan debt collection process from start to finish, continue reading this guide. If you would rather work with a local law firm that specializes in debt recovery in Libya, we are here to help.

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.

Debitura can help you get your money back from someone who owes you money. To get started, upload your claim form onto our website. We will review it and then provide you with 3 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.

We work with the following process: 
1

Upload claim

Begin collecting your owed debt in Libya immediately without any cost. Simply make a free profile and submit your case within 2 minutes.

2

Pre-legal

We use a successful pre-legal recovery process to collect your claim for the initial 3 months. And remember, our policy is no-cure-no-pay, meaning you only pay if we successfully collect the debt.

3

Legal

If we can't collect your debt during the pre-legal phase, we'll offer you 3 quotes from our network of local 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 Libya

Do you have trouble collecting money from your Libyan customers? Do not worry; we can help you get paid by your Libyan customers easily.


In Libya, the person who owes money is called the debtor, and the person who gave them the money is called the creditor. If the creditor collects the debt themselves, this is called first-party collection. If they give someone else to do it, this is called third-party collections.

The debt collection process in Libya

The debt collection process in Libya is typically conducted in multiple steps.


The image below explains the standard process for collecting debt in Libya:

The debt collection process in Libya here:

1 Upload your claim:

If you want someone to help you get your money back, you will need to find a debt collection partner and upload your claim to their website. If you use Debitura, we will provide you with 3 quotes from local partners in the African country relevant to your case. This is 100% free - no strings attached.

2 Amicable collection:

The collection process begins with sending reminders to the person who owes you money. The reminders are sent 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 payment plan. We offer 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!

3 Evaluation:

If the person you are owed money from has not paid you back after you have talked to them, it is time to look at what to do next. We will look at how much money you are owed, the chance of getting paid back, and other factors to help you decide what to do. There are three typical next steps:

A Surveillance:

If your claim is for less than 2,000-5,000 euros, it is often not worth it to take more legal action. In this case, we recommend "debt surveillance." This means we will keep trying to talk to the person you owe money to and try to agree on a settlement that is fair for both sides.

B: Legal collections:

It's a good idea to go through a legal process if you have a big claim. The steps you'll need to take will vary depending on what kind of claim it is and how big it is. Usually, it will take around a year and a half to finish the whole process.

C: Debt enforcement:

If the person you are owed money from has agreed that you are owed money, or if there is a court order, you can go to the bailiff's court.


At Debitura, we can help you with all three steps in Libya. We will be there to assist you every step of the way.

5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
“Debitura made the daunting task of debt collection Libya feel entirely manageable. They gave us clear information and support from start to finish. Their professionalism and expertise were invaluable!”
Jamal El-Mahjoub - Chief Financial Officer (CFO)
5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
"Thanks to Debitura, our outstanding debts in Libya have been efficiently collected through their effective and affordable debt recovery Libya model. I highly recommend their services."
Mona Ahmed - Chief Financial Officer
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 Libya

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 try to contact your debtor in Libya through different methods, including email, text messages, letters, phone calls, and social media.


The goal of this process is to either:


A) get the debtor to pay the full amount, or
B) get the debtor to agree that they owe the money and start a plan to pay it back.


If the person you are trying to get money from has said that they do not owe you money, you cannot try to resolve this peacefully. You must start by going through the legal process.

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 Libya

If you have a written acknowledgement of your claim from the debtor, or a court order, you can use the bailiff's court in Libya to force the debtor to pay you in Libya.

The steps you need to take and the amount of money it will cost vary depending on your situation. You can upload your case information to Debitura, and they will give you three 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!

Libya country risk profile

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

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 Libya is high. Based on this high score, we recommend always charging upfront payment or using credit insurance when trading with customers in Libya, as it may be very difficult to get paid. The 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:
6
Political Risk:
6
Political Risk:
6
Political Risk:
6
Political Risk:
6
Political Risk:
6
Commercial Risk:
4
Commercial Risk:
4
Commercial Risk:
4
Commercial Risk:
4
Financing Risk:
4
Financing Risk:
4
Financing Risk:
4
Financing Risk:
4

The economic risk in Libya

Economic risk in Libya 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 Libya is 41,88 bn. USD (2021), growing by 31,37% per year.

In terms of the size of its economy, Libya ranks #87 out of 183 countries and has a medium-sized economy.

In terms of growth rate, it is ranked #1 out of 183 countries and is therefore considered a fast-growing economy.

GDP per capita is 6018 USD, ranking Libya number #87 out of 183 countries. This means the purchasing power of citizens in Libya is pretty average compared to all the countries in the world.

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

GDP and economic growthLatest value
Economic growth: the rate of change of real GDP31,37%
Gross Domestic Product, billions of U.S. dollars41,88
GDP per capita, current U.S. dollars6018,45
GDP per capita, Purchasing Power Parity21260,43

Another significant influencer for the economic risk score is the inflation rate and the interest rates. You can see a more throughout overview of monetary data points in Libya in the table below:

The business environment risk in Libya

Our analysis shows that the business environment risk in Libya 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. Take a look at the important facts for Libya in the table below:

Economic freedom indexLatest value
Property rights index (0-100)17
Freedom from corruption index (0-100)21
Business freedom index (0-100)38
Monetary freedom index (0-100)69,7
Investment freedom index (0-100)5

As you can see in the table, the property rights index is 17 in Libya, 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 38 in Libya, a low score for a country in Africa.

The political risk in Libya

The political risk in Libya 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 important drivers for political risk. An overview of Libya can be seen in the table below:

Governance and political stability indicators Latest value
Rule of law index (-2.5 weak; 2.5 strong)-1,78
Government effectiveness index (-2.5 weak; 2.5 strong)-1,72
Control of corruption (-2.5 weak; 2.5 strong)-1,57
Political stability index (-2.5 weak; 2.5 strong)-2,37
Corruption Perceptions Index, 100 = no corruption17
Shadow economy, percent of GDP38,27%

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 transacting business in a country, the rule of law index is critical as it describes your ability to enforce commercial contracts.

In Libya, the rule of law index is at -1,78 points, with the score going from -2.5 (weak) to 2.5 (strong). Libya 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 38,27% of Libya's GDP.

The commercial risk in Libya

In Libya, the commercial risk score is 4/4, which in our model is a high score. This high commercial risk score is high compared to the average in Africa.

The financing risk in Libya

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

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

In Libya, 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 Libya is very low.

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

Your rights as a creditor are 0 out of 12 and, therefore, very weak.

Debt Collection in Libya: Commonly Asked Questions (FAQs)

How does debt collection work in Libya?

Debt collection in Libya can be done through first-party or third-party collections. The process typically involves multiple steps, including uploading your claim, amicable collection, evaluation, and potential legal action. Debitura can provide three quotes from local partners in Libya for free and offers a no-cure-no-pay solution for amicable collection, making the process risk-free. If legal action is necessary, it can take around a year and a half to complete. Debitura can assist you with all three steps in Libya.

What is the debt collection process in Libya?

The debt collection process in Libya typically involves pre-legal collection, legal debt collection, and debt enforcement. Pre-legal collection involves sending reminders to the debtor to start a payment plan. If that fails, legal collection may be pursued, which can take up to 1.5 years. Debt enforcement is possible with a court order. At Debitura, we offer assistance with all three steps in Libya, including free claim upload, risk-free amicable collection, and full support throughout the process.

What legal options exist for debt collection in Libya?

In Libya, if a debt is disputed, a civil lawsuit is required for legal collection. Debt enforcement and insolvency proceedings are also options. Legal actions require a local lawyer. Our partners can provide quotes from local debt collection attorneys for negotiation, and can also go to court to obtain a payment order for debt enforcement. The cost of legal proceedings depends on the complexity of the case and the size of the claim. Debitura can help you compare prices from different lawyers to ensure you get the best deal.

How much does debt collection cost in Libya?

The cost of debt collection in Libya depends on the specific case and actions required. Debitura offers a no-cure-no-pay model for pre-legal collection with a success fee between 10-20%. Legal action prices vary. However, Debitura can provide you with 3 quotes from the best debt collection lawyers in Libya.

How long does debt collection take in Libya?

The duration of debt collection process in Libya depends on the debtor and the specific case. If the case is resolved in the pre-legal phase, it usually takes 3-6 months to complete. However, if the debt has to be collected via legal actions, the process typically takes 12-18 months to conclude.