Top-Rated Debt Collection Agency in Palestine
Fast and reliable debt collection in Palestine - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.
In Palestine, debt recovery can be made easier by following certain procedures.
Debitura is a specialized debt recovery agency in Palestine, with a team of experienced professionals offering a range of comprehensive services such as accounts receivables management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. With our in-depth knowledge of debt collection laws and regulations in Palestine, we provide efficient and effective solutions to businesses for recovering outstanding debts.
Receive unwavering support throughout the entire process.
Tailored debt recovery plan.
We have over 500 professionals who specialize in collecting international debts.
Achieving a success rate of 87% while maintaining the lowest cost.
Effective Debt Collection Solutions from Kurdi & Company. With over 30 years of experience, we are a leading law firm in Ramallah, Palestine, offering a comprehensive range of debt collection services, including pre-legal collection and legal debt recovery. Our network of professional debt collection attorneys and agencies ensures timely and cost-effective recovery of outstanding debts. We provide personalized and reliable debt collection solutions to protect the interests of businesses and individuals alike.
The ultimate guide about debt collection in Palestine
If you are owed money by a business or customer in Palestine, we can help you! We have helped many other businesses in Palestine get their money back.
Collecting a debt in Palestine can be difficult. There are challenges like different languages and customs, foreign laws, and being far away.
It is easier to get your money back when you use a collection agency that knows the laws and customs of the country where the person lives who owes you money.
At Debitura, we care about people. We want to help you get your money back while still being fair to the customer. Our efforts are firm but fair-ensuring your reputation is our top priority! If you want to learn more about how to collect debt in Palestine, keep reading this guide. If you would rather work with a local law firm that specializes in debt recovery, we can help you with that too.
Debitura helps you collect debt from people in Palestine and other countries. To get started, upload your claim to our website. We will review your case and provide you with 3 free quotes from local debt collection lawyers within 24 hours. We use both people and technology to get the results you need. We also have a network of people we work with, like debt collectors, attorneys, and suppliers. We value all of these relationships because they help us get the job done.
Begin the process of debt collection in Palestine today at no cost. Establish a complimentary account and submit your case in a mere 2 minutes.
For the initial 3 months, we employ our established pre-legal recovery process to gather your owed amount. Our approach is completely no-cure-no-pay.
If your claim remains unpaid in the pre-legal phase, we'll give you three quotes from our nearby debt collection lawyers.
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Palestine
Do you have trouble getting paid by your customers in Palestine? Do not worry; we can help you get paid easily.
When somebody owes money in Palestine, the person who owes the money is called "the debtor." The person who gave them the money or bill is called "the creditor." If the original creditor collects the debt themselves, this is called "first-party collection." If the creditor gives the job of collecting debt to another person, this is called "third-party collections."
The debt collection process in Palestine
The debt collection process in Palestine usually happens in multiple steps. The image below explains the standard process for collecting debt in Palestine:
1 Upload your claim:
If you want help to get your money back, you will start by finding a company that helps people get money back from others. You will give them some information about the person you think owes you money. If you use Debitura, we will give you three ideas for companies in Asia that might be able to help you. There is no charge for this service.
2 Amicable collection:
The collection process typically begins with sending friendly reminders to your debtor via email, SMS, letter and all other available communication channels in the specific country. The goal is to get the debtor to pay or acknowledge the debt and start a payment plan. Debitura offers a no-cure-no-pay solution for amicable collection, where you only pay a small success fee if we recover your debt. Amicable collections with Debitura are 100% risk-free!
If the person you are owed money from has not paid you back after you have talked to them, it is time to figure out 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:
If your claim is below 2,000-5,000 euros, it is not worth it to take further legal action. In this case, we recommend "debt surveillance." This means we will keep trying to reach out to your debtor and try to negotiate a friendly settlement.
B: Legal collections:
When you are trying to collect a large amount of money from someone, it may be helpful to go through a legal process. The specific steps in this process will vary depending on the details of the claim. However, it is generally a long process, it may take between 12-18 months to finish it, from the start to the end.
C: Debt enforcement:
If the person you are claiming money from has said that they owe you money or if there is 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 Palestine.
Amicable collection in Palestine
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 your debtor in Palestine using different methods, like email, text messages, letters, phone calls, and social media.
The goal of this process is to either:
A) get the debtor to pay the whole amount that they owe, or
B) get the debtor to agree that they owe the money and start a plan to pay it back
If the person you're trying to get money from says your claim is not true, you cannot try to work it out peacefully. You must start with legal action.
Get started with
amicable debt collection
Upload your claim and get started with our 100% no-cure-no-pay collection solution.
Legal collection in Palestine
If your claim has not been paid yet, or if the person you're claiming from disagrees with you, we will give you 3 free quotes from local debt collection attorneys. In the legal phase, our local attorney will talk to your debtor and try to arrange a payment. Our partners can also go to court and get an order for payment through the legal system in Palestine. This payment order can be used to make the person you're claiming from pay up via enforcement court.
The amount of money you will need to pay a lawyer depends on how big and complicated your case is. To get the best price, it is a good idea to ask more than one lawyer how much they would charge. This way, you can compare prices and choose the best one for you. You can do this quickly and 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 Palestine
If the person you are owed money from has acknowledged your claim in writing, or if there is a court order, you can go to the bailiff's court in Palestine to try and get your money.
The process and how much it costs depends on your situation. You can upload information about your case onto Debitura. They will give you 3 different quotes within 24 hours.
Get started with
Upload your claim and get 3 FREE quotes from our local collection partners.
Our analysis is based on the following factors:
The economic risk in Palestine
GDP and economic growth are critical drivers for economic risk.
The GDP of Palestine is 18,04 bn. USD (2021), growing by 7,05% per year.
In terms of the size of its economy, Palestine ranks #117 out of 183 countries and has a medium-sized economy.
Having a view at the growth rate, it is ranked #45 out of 183 countries and is therefore considered a fast-growing economy.
GDP per capita is 3664 USD, ranking Palestine number #114 out of 183 countries. This means the purchasing power of citizens in Palestine is around the average compared to all other countries.
You get a more detailed idea of GDP and economic growth in Palestine 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 Palestine in the table below:
The inflation in Palestine was 1,2% in 2021 which is considered a very low inflation rate.
The business environment risk in Palestine
Economic freedom and rights determine the business environment risk in a country. Take a look at the important facts for Palestine in the table below:
The political risk in Palestine
The governance and political stability indicators are vital drivers for political risk. An overview of Palestine 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 transacting business in a country, the rule of law index is critical as it describes your ability to enforce commercial contracts.
In Palestine, the rule of law index is at -0,5 points, with the score going from -2.5 (weak) to 2.5 (strong). Palestine 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.
The commercial risk in Palestine
The commercial risk is impacted by a country's international trade relationships. You can see some of the key facts for Palestine in the table below:
Palestine has a foreign exchange reserve of 0.87 bn. USD.
Palestine has a negative trade balance of -39,17% of GDP. This means that Palestine imports more goods and services than the country exports.
The annual growth of exports of goods and services has been growing 18,8% annually - now 17,63% of GDP. Import of goods and services represents 56,8% of the GDP in Palestine.
The financing risk in Palestine
The country's banking system, efficiency, and stability influence the financing risk. Additional facts and info can be found for Palestine in the table below:
In Palestine, the credit information sharing index is 8 on a scale from 0 (low) to 8 (high). This means the accessibility and quality of credit information available in Palestine is high.
This makes it easy for you to understand the credit risk of your counterpart in Palestine. You should therefore be able to find a good local credit rating agency that can help you analyse the creditworthiness of your specific customers.
Your rights as a creditor are 8 out of 12 and, therefore, medium.
Debt Collection in Palestine: Frequently Asked Questions (FAQ)
In Palestine, debt collection usually happens in multiple steps including amicable collection, evaluation, surveillance, legal collection, and debt enforcement. When someone owes money, they are called the debtor, and the creditor can collect the debt themselves or hire a third-party collection company. Debitura can help with all steps of the process, including giving information about the debtor and providing a risk-free amicable collection solution.
The debt collection process in Palestine typically involves three steps: pre-legal collection, legal debt collection, and debt enforcement. Pre-legal collection involves sending reminders to the debtor and trying to negotiate a payment plan. Legal debt collection involves going through a legal process, which can take up to 18 months. Debt enforcement involves going to the bailiff's court to get your money. Debitura can help with all three steps in Palestine.
If a debt is disputed in Palestine, a civil lawsuit is required for legal collection. Debt enforcement and insolvency proceedings also exist as legal options. It is important to note that local lawyers are required for any legal actions. Debitura can assist in finding and comparing quotes from debt collection attorneys in Palestine.
Debitura offers pre-legal debt collection with a no-cure-no-pay model and a success fee of 10-20%. The cost for legal actions varies based on your specific case and desired actions. We can provide 3 quotes from the best debt collection lawyers in Palestine to help you choose the best option.
The length of debt collection in Palestine varies depending on the debtor and the nature of the case. If the case can be resolved in the pre-legal phase, collection typically takes 3-6 months. If legal action is necessary, collection can take 12-18 months. It's important to work with a professional debt collection agency to ensure a timely and effective resolution.