Top-Rated Debt Collection Agency in Mali
Fast and reliable debt collection in Mali - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.
Recover your debt in Mali effortlessly.
Debitura is an expert in debt recovery services in Mali. Our highly skilled team provides a wide array of services such as accounts receivables management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. We are well-versed in Mali debt collection laws and regulations, which allows us to offer efficient and effective debt recovery solutions to businesses in need.
Our expert team provides continuous support throughout the entire debt collection process.
Tailored debt recovery plan.
We have over 500 professionals who specialize in international debt collection.
Achieving a success rate of 87% at a minimal cost.
The ultimate guide about debt collection in Mali
If you are owed money by a business or customer in Mali, we can help you! We have helped hundreds of other businesses get their money back from debtors in Mali.
Sometimes it seems like it would be impossible to get your money back from someone who owes you money in Mali, but we can help. There can be barriers like different languages and customs, but we know how to work around them.
When you use our collection agency, it will be easier to get your money back because we know the laws and customs of the country where the debtor lives.
At Debitura, we always put people first. This means that we will do everything we can to get your money back, but still keep a good relationship with the customer. Our efforts are always fair and firm, and we will make sure that your reputation is our number one priority! If you want to learn more about how to collect debt yourself, read this guide from beginning to end. Or, if you would rather work with a law firm in Mali that specializes in debt recovery, we can help you with that too.
At Debitura, we provide a simple way to collect your debt in Mali and +192 other countries. To get started, upload your claim today. Within 24 hours, we will assess your case and provide you with 3 free quotes from local debt collection lawyers in Mali. Our people-oriented approach combined with the latest tech-driven solutions helps us achieve results while maintaining good customer relationships. Our network of debt collectors, attorneys, suppliers and vendors are all important to us and help us get the job done. We appreciate all of these relationships, no matter how big or small.
Get started with debt collection in Mali today without any cost. Simply create a free profile, and upload your case within 2 minutes.
We will attempt to collect your debt using our reliable pre-legal recovery process for the first three months. We operate on a 100% no-win-no-fee basis.
If your claim remains unpaid in the pre-legal phase, we will offer you three quotes from our local debt collection attorneys.
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Mali
If you have debt in Mali that you can't collect, we can help. The person who owes the debt is called the debtor, and the person who issued the debt is called the creditor. If the creditor tries to collect the debt himself, this is called first-party collection. If he outsources it to someone else, this is called third-party collections.
The debt collection process in Mali
The debt collection process in Mali usually happens in more than one step.
The picture below explains our process for collecting debt in Mali.
1 Upload your claim:
Unless you want to get your money back yourself, you will start the process by finding someone who can help you. You will need to give them some information about what happened. If you use Debitura, we will give you 3 different people who might be able to help you. This is free - which means there is nothing else that you have to do.
2 Amicable collection:
The collection process begins with sending reminders to the person who owes you money. The reminders are sent through email, SMS, and mail. 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 success fee if we recover your debt. Amicable collections with Debitura are therefore 100% risk-free!
If you have not received payment after trying to work it out nicely, it is time to look at what to do next. We will look at the size of your claim and how likely it is that you will get paid, among other factors, to help you decide what the best next step is. There are three typical next steps:
If your claim is below 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 contact the person you owe money to and try to negotiate a friendly agreement.
B: Legal collections:
We suggest beginning a legal procedure for bigger requests. The specific procedure is different depending on the kind and amount of your request. Generally, it's estimated that it will take 12-18 months to complete the process.
C: Debt enforcement:
If the person you are claiming money from agrees that you are owed money, or if there is a court order, you can use the bailiff's court to get your money.
Debitura can help you with all three steps in Mali.
Amicable collection in Mali
At Debitura, we offer a 100% risk-free and efficient process for Amicable collections. To get started, simply submit your claim and we will begin within 24 hours.
We will try to contact the person you owe money to in Mali. This might include sending emails, texts, letters, and making phone calls or using social media.
A) Get the debtor to pay the full amount all at once.
B) Get the debtor to agree that they owe the money and start paying it back in small amounts over time.
If the person you are trying to get money from says that they do not owe you money, you cannot try to resolve this issue peacefully. You must go straight to 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 Mali
If the person you owe money to has not paid you back, or if they say they do not owe you money, we will give you 3 free quotes from 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 from the legal system in Mali. This payment order can then be used to force the person you owe money to pay you back via enforcement court.
The amount of money you will need to pay a lawyer depends on how big and complicated your legal case is. To make sure you are getting the best deal, it is a good idea to ask for quotes from more than one lawyer. 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 Mali
If you have written proof that the person you are suing owes you money, or a court order, you can go to the bailiff's court in Mali to get your money.
The way to do this and how much it will cost varies depending on your situation. You can upload your case onto Debitura. Then you will get 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 Mali
If the person you owe money to cannot pay you back, you can start a process called insolvency. This is when we sell their things to try and pay some of the money they owe.
Our analysis concludes that the risk of running a business in Mali is high. Based on this high score, we recommend always charging upfront payment or using credit insurance when trading with customers in Mali, as it may be very difficult to get paid. The high risk score is based on the following factors:
The economic risk in Mali
Our analysis shows that the economic risk in Mali is high (5 out of 6). An economic risk of 5 out of 6 is pretty average in Africa.
GDP and economic growth are critical drivers for economic risk.
The GDP of Mali is 19,14 bn. USD (2021), growing by 3,07% per year.
In terms of the size of its economy, Mali ranks #111 out of 183 countries and has a medium-sized economy.
Having a view at the growth rate, it is ranked #126 out of 183 countries and is therefore considered an excellent growing economy.
GDP per capita is 918 USD, ranking Mali number #157 out of 183 countries. This means the purchasing power of citizens in Mali is low compared to the rest of the world.
You get a more detailed idea of GDP and economic growth in Mali in the table below:
Another major impact for the economic risk score is the inflation rate and the interest rates. You get a more detailed idea of monetary KPIs in Mali in the table below:
The inflation in Mali was 3,9% in 2021 which is considered a low inflation rate.
The business environment risk in Mali
Our analysis shows that the business environment risk in Mali 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. The critical facts for Mali in the table below:
As you can see in the table, the property rights index is 35 in Mali, 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 Mali, a quite low score for a country in Africa.
Mali's overall economic freedom index is 56 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.
The political risk in Mali
The political risk in Mali 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 Mali can be seen in the data 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 Mali, the rule of law index is at -0,9 points, with the score going from -2.5 (weak) to 2.5 (strong). Mali 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 large shadow economy that is 29,45% of Mali's GDP.
The commercial risk in Mali
In Mali, 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 commercial risk is impacted by a country's international trade relationships. You can see some of the key facts for Mali in the table below:
Mali has a negative trade balance of -10,63% of GDP. This means that Mali imports more goods and services than the country exports.
The annual growth of exports of goods and services has been growing -1% annually - now 29,58% of GDP. Import of goods and services represents 40,21% of the GDP in Mali.
The financing risk in Mali
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 critical facts for Mali in the table below:
In Mali, 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 Mali is very low.
This makes it very difficult for you to understand the credit risk of your counterpart in Mali. Unless you have a strong relationship with your customers in Mali, 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 FAQs in Mali
In Mali, debt collection usually happens in more than one step, depending on the size and likelihood of getting paid. The process can include amicable collection, debt surveillance, legal collection, or debt enforcement. Outsourcing collection to someone else is called third-party collection. Debitura offers free claim upload and a no-cure-no-pay solution for amicable collection, which means you only have to pay a success fee if they recover your debt. They can also assist with legal procedures and help you get your money through the bailiff's court.
The debt collection process in Mali usually happens in three steps: pre-legal collection, legal debt collection, and debt enforcement. Pre-legal collection involves sending reminders to the debtor through email, SMS, and mail in an attempt to get them to pay or agree to a payment plan. Legal debt collection is for bigger requests and takes about 12-18 months. Debt enforcement is through the bailiff's court when there is a court order or agreement. Debitura can help with all three steps in Mali.
If the debt is disputed, a civil lawsuit is required for debt collection in Mali. Debt enforcement and insolvency proceedings are also available. However, legal actions require a local lawyer. It is recommended to ask for quotes from more than one lawyer. Debitura can provide 3 free quotes from local debt collection attorneys. Insolvency can be pursued if the debtor cannot pay back the money owed.
At Debitura, our pre-legal collection services in Mali are based on a no-cure-no-pay model, with a success fee ranging between 10-20%. The cost for legal actions will vary depending on your specific case and desired actions. However, we can provide you with 3 quotes from the best debt collection lawyers in Mali to ensure competitive pricing for your needs.
The length of debt collection in Mali varies depending on the debtor and the case. If the debt can be resolved in the pre-legal phase, it usually takes 3-6 months. However, if the debt needs legal actions to be taken, it usually takes 12-18 months to collect. The duration of the collection process depends on the complexity of the case and the debtor's willingness to cooperate.