Top-Rated Debt Collection Agency in Peru

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

Reclaiming your debt in Peru is made easier with our assistance.

Debitura specializes in debt recovery services in Peru, providing a wide array of comprehensive solutions. Our experienced team of professionals offers accounts receivables management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. In-depth knowledge and expertise in Peru's debt collection laws and regulations enable us to deliver efficient and effective solutions that help businesses recover outstanding debts.

We provide committed assistance throughout the entire process.

Tailored debt recovery plan

We have over 500 professionals specialized in international debt collection.

Our lowest cost approach yields an impressive success rate of 87%.

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

If you have money that you are owed from a business or customer in Peru, we can help you get your money back! We have helped hundreds of other businesses in Peru recover their debts, and we can help you too.


It can seem impossible to collect a debt in Peru. Things like language and cultural barriers, different laws and customs, and being far away all make it very hard.


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 who owes you money lives.


At Debitura, we always try to do what is best for you. We want to help you get your money back, but we also want to make sure that we have a good relationship with your customer. Our public relations efforts are always fair and firm-ensuring that your reputation is our top priority! If you want to understand the Peruvian debt collection process from start to finish, keep reading this guide. If you would rather work with a local law firm that specializes in debt recovery in Peru, 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 make it easy to collect your debt in Peru and other countries. You can start today by uploading your claim. We will review your case and provide you with 3 free quotes from local debt collection lawyers in Peru within 24 hours. Our approach is people-oriented, which means we focus on people and not technology. We use the latest tech-driven solutions to get results and manage customer contact better. Our method is comprehensive, so it will get you the results you need while still keeping good relationships with customers. In addition, we have a network of people who help us with debt collection, legal matters, and supplies. These are all important relationships that allow us to do our job well. We value each of these relationships equally, no matter how big or small they may be.

We work with the following process: 
1

Upload claim

Begin the process of collecting your debts in Peru today absolutely for free. Simply create a free profile, and upload your case within just 2 minutes.

2

Pre-legal

We'll attempt to recover your claim through our effective pre-legal recovery process for the first 3 months. It's a 100% no-cure-no-pay approach.

3

Legal

"If your claim remains unpaid during the pre-legal phase, we connect you with three local debt collection attorneys who will provide you with a quote."

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 Peru

Do you have a hard time collecting money from people who owe you money in Peru? Do not worry; we can help you get paid by your Peruvian customers.


In Peru, "the debtor" is the person who owes a debt. "The creditor" is the person who issued the debt or invoice. If the original 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 Peru

In Peru, the process of collecting debt usually happens in several steps. The image below explains our standard process for collecting debt in Peru:

The debt collection process in Peru 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. You can upload your claim to their website. Debitura will give you 3 quotes from local partners in the South American country where your case is. This is free - you don't need to pay anything.

2 Amicable collection:

The collection process begins with sending reminders to the debtor through email, SMS, letter and other ways 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!

3 Evaluation:

If the person you are owed money from has not paid you 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, 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 for less than 2,000 to 5,000 Euros, it may not be worth taking any more legal action. In this case, we recommend "debt surveillance," where we will keep trying to reach your debtor and try to negotiate a friendly settlement.

B: Legal collections:

We suggest you start a legal process for bigger problems. The way to do it is different based on what your problem is and how big it is. Usually, it takes about a year and a half to finish the process.

C: Debt enforcement:

If the person you think owes you money agrees that they owe you money, or if a court agrees that they owe you money, you can ask the bailiff to help get your money from them.

At Debitura, we can help you with all three steps in Peru.

"Thanks to Debitura, we were able to recover our debts in Peru without any hassle. Their tailor-made debt collection services in Peru are commendable and cost-effective. Highly recommended!"
Sofia Ramirez - Credit Coordinator at ABC Corporation Peru
"Debitura helped recover our debts in Peru efficiently and effectively. Their model made the entire process transparent and their affordable prices were a major relief. Thanks for the great service!"
Patricia Torres - Credit and Collections Manager
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 Peru

At Debitura, we offer a process for Amicable collections that is 100% risk-free and very efficient. All you have to do is submit your claim, and we will get started within 24 hours.


We will try to contact your debtor in Peru using different methods like email, text messages, letters, phone calls, and social media.


This process is to help the debtor:


A) To pay the full amount they owe

B) To agree that they owe money and start a plan to pay it back


If the person you are trying to get money from says that they do not owe you money, you cannot try to resolve this peacefully. You must start with legal collections.

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 Peru

If you have proof that the person you are suing owes you money, you can go to the bailiff's court in Peru to get your money.

The process and cost vary depending on your situation. You can upload your information to Debitura, and they will give you 3 different quotes to choose from 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!

Peru country risk profile

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

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 running a business in Peru is medium-low. Based on this medium-low score, we recommend being careful providing credit and considering charging upfront payment or using credit insurance when trading if you don't know the customer in Peru well. If possible, provide a short credit period or even better upfront payment. The medium-low risk score is based on the following factors:

Economic Risk:
3
Economic Risk:
3
Economic Risk:
3
Economic Risk:
3
Economic Risk:
3
Economic Risk:
3
Business Risk:
3
Business Risk:
3
Business Risk:
3
Business Risk:
3
Business Risk:
3
Business Risk:
3
Political Risk:
4
Political Risk:
4
Political Risk:
4
Political Risk:
4
Political Risk:
4
Political Risk:
4
Commercial Risk:
2
Commercial Risk:
2
Commercial Risk:
2
Commercial Risk:
2
Financing Risk:
2
Financing Risk:
2
Financing Risk:
2
Financing Risk:
2

The economic risk in Peru

Our conclusion based on the economic risk factors, is that the economic risk in Peru is medium (3 out of 6). An economic risk of 3 out of 6 is relatively low in South America.

GDP and economic growth are critical drivers for economic risk.
The GDP of Peru is 223,25 bn. USD (2021), growing by 13,35% per year.

In terms of the size of its economy, Peru ranks #49 out of 183 countries and has a medium-sized economy.

In terms of growth rate, it is ranked #9 out of 183 countries and is therefore considered a fast-growing economy.

GDP per capita is 6692 USD, ranking Peru number #84 out of 183 countries. This means the purchasing power of citizens in Peru is around the average compared to all other countries.

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

GDP and economic growthLatest value
Economic growth: the rate of change of real GDP13,35%
Gross Domestic Product, billions of U.S. dollars223,25
GDP per capita, current U.S. dollars6692,25
GDP per capita, Purchasing Power Parity12648,22

Another huge impact 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 Peru in the table below:

Monetary KPI'sLatest value
Inflation: percent change in the Consumer Price Index4,3%
Business credit interest rate, percent10,98%

The inflation in Peru was 4,3% in 2021 which is considered a medium inflation rate.

The interest rate for businesses is 10,98%.

The business environment risk in Peru

Our analysis shows that the business environment risk in Peru is medium (3 out of 6), which is a pretty average risk score in South America.

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

Economic freedom indexLatest value
Property rights index (0-100)53
Freedom from corruption index (0-100)36
Fiscal freedom index (0-100)79
Business freedom index (0-100)66
Monetary freedom index (0-100)86,1
Trade freedom index (0-100)86
Investment freedom index (0-100)75
Financial freedom index (0-100)60
Economic freedom, overall index (0-100)68

As you can see in the table, the property rights index is 53 in Peru, which is considered quite low in South America.

The business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study. The Index is 66 in Peru, a quite average score for a country in South America.

Peru's overall economic freedom index is 68 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.

The political risk in Peru

The political risk in Peru is medium-high, with a score of 4/6. This is a pretty average political risk score in South America.

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

Governance and political stability indicators Latest value
Rule of law index (-2.5 weak; 2.5 strong)-0,52
Government effectiveness index (-2.5 weak; 2.5 strong)-0,26
Control of corruption (-2.5 weak; 2.5 strong)-0,63
Political stability index (-2.5 weak; 2.5 strong)-0,41
Corruption Perceptions Index, 100 = no corruption36
Shadow economy, percent of GDP41,53%

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 Peru, the rule of law index is at -0,52 points, with the score going from -2.5 (weak) to 2.5 (strong). Peru 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 medium-high political risks are the very weak control of corruption, the very weak political stability index, and the very large shadow economy that is 41,53% of Peru's GDP.

The commercial risk in Peru

In Peru, 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 South America.

The commercial risk is relying on a country's international trade relationships. You can see some of the key facts for Peru in the table below:

International trade and investment Latest value
Exports of goods and services as percent of GDP29,09%
Exports of goods and services, annual growth17,09%
Imports of goods and services as percent of GDP26,42%
Trade balance as percent of GDP2,67
Trade balance, billion USD7.49

Peru has a positive trade balance of 2,67% of GDP. This means that Peru imports fewer goods and services than the country exports.

The annual growth of exports of goods and services has been growing 17,09% annually - now 29,09% of GDP. Import of goods and services represents 26,42% of the GDP in Peru.

The financing risk in Peru

We have calculated the financing risk to be 2/4, which equals a low risk. A low financing risk score is pretty average for countries in South America.

The country's banking system, efficiency, and stability influence the financing risk. You can find the extra information for Peru in the table below:

Banking system efficiency and stabilityLatest value
Interest rates on bank credit to the private sector10,98%
Real interest rate: Bank lending rate minus inflation2,36%
Index of legal rights for creditors and borrowers (0 = weak to 12 = strong)7
Credit information sharing index, 0 (low) - 8 (high)8

In Peru, the credit information sharing index is 8 on a scale from 0 (low) to 8 (high). The consequence of that number, is that the access and quality of credit information available in Peru is high.

This makes it easy for you to understand the credit risk of your counterpart in Peru. You would 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 7 out of 12 and, therefore, medium.

The low financing risk for creditors also impacts the high interest rate in the private sector of 10,98%.

Debt Collection in Peru: Frequently Asked Questions (FAQs)

How does debt collection work in Peru?

Collecting debt in Peru involves a process of sending reminders and negotiating with debtors. If a debt collection partner is needed, you can upload your claim to their website. Debitura offers a no-cure-no-pay solution for amicable collection. Surveillance, legal collection or debt enforcement may be necessary depending on the amount of debt owed. Debitura can help with all three steps in Peru.

What is the debt collection process in Peru?

The debt collection process in Peru usually involves three steps: pre-legal collection, legal debt collection, and debt enforcement. The process starts with uploading your claim to a debt collection partner who will then send reminders to the debtor to pay the debt. If that fails, a legal process may be initiated, which can take up to 1.5 years. If the debtor acknowledges the debt and a court agrees, you may then ask the bailiff to help get your money from them. Debitura can help you with all three steps in Peru.

What legal options exist for debt collection in Peru?

In Peru, if a debt is disputed, a civil lawsuit is necessary for debt collection. Debt enforcement and insolvency proceedings are also legal options. Legal proceedings require a local lawyer. Debitura provides 3 free quotes from local attorneys who can help, negotiate payment plans, or obtain a court order to get your money back. Legal fees vary depending on the case's complexity and claim size. Get quotes from multiple attorneys to ensure the best price.

How much does debt collection cost in Peru?

Debt collection costs in Peru depend on your case and desired actions. At Debitura, we use a no-cure-no-pay model for pre-legal collection with a success fee between 10-20%. For legal action, prices vary depending on the specific case. We can provide you with 3 quotes from the best debt collection lawyers in Peru.

How long does debt collection take in Peru?

The duration of debt collection in Peru varies depending on the debtor and the case. If the pre-legal phase resolves the case, it can take 3-6 months. However, if legal actions are needed, it can take 12-18 months to complete the collection process. It's important to note that each case is unique and can require a different amount of time to resolve.