Top-Rated Debt Collection Agency in Seychelles
Fast and reliable debt collection in Seychelles - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.
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In Seychelles, recovering your debt is made easiest.
Debitura specializes in debt recovery services in Seychelles, offering a wide range of comprehensive services by a team of experienced professionals. Our services include accounts receivables management, pre-legal and legal debt collection, debt collection notices, and enforcement court proceedings. With our in-depth understanding of Seychelles' debt collection laws and regulations, we provide effective and efficient solutions that help businesses recover outstanding debts.
We provide unwavering assistance throughout the entire process.
Tailored debt recovery approach
We have a team of over 500 professionals with expertise in international debt collection.
At the most affordable price, we have an 87% success rate.
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The ultimate guide about debt collection in Seychelles
Do you have a financial problem with a business or customer in Seychelles? We can help you! We have helped hundreds of other businesses with their debt problems in Seychelles.
It can seem impossible to collect a debt in Seychelles. Things that make it hard are language and cultural barriers, foreign laws and customs, and sheer distance.
When you try to get money back from someone who owes you money, it is easier if you use a collection agency that knows the laws and customs of the country where the person lives.
Debitura helps you get your money back while still being friends with the person you lent it to. We use strategies that are fair, but also firm. This way, your reputation is very important to us and we will do everything we can to help you keep it!
If you want to learn how to collect debt yourself, keep reading this guide. It will explain the Seychellois debt collection process from beginning to end. If you would rather work with a local law firm that specializes in debt recovery in Seychelles, we can help you with that too.
At Debitura, we provide a simple way to collect your debt in Seychelles and +192 other countries. To get started, upload your claim today. We will assess your case and provide you with 3 free quotes from local debt collection lawyers in Seychelles 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. We also have a lot of friends who help us with our job. We have friends who help us collect money, friends who are lawyers, and friends who sell us things we need. We like all of these friends and we think they are all important.
Upload claim
Begin your debt collection process in Seychelles now at no cost. Simply create a free profile and upload your case within 2 minutes.
Pre-legal
We will use our successful pre-legal recovery process to attempt collecting your claim during the first 3 months. Our approach is entirely no-cure-no-pay.
Legal
If your claim remains unpaid during the pre-legal phase, we offer 3 quotes from our nearby debt collection attorneys.
24/7 updates
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Seychelles
Do you have a lot of debt in Seychelles? Do not worry; we can help you get paid by your Seychellois customers.
When someone owes a debt in Seychelles, the person who owes the debt is called "the debtor." The person who gave the debt or invoice is called "the creditor."
If the original creditor collects the debt himself, this is called “first-party collection”.
If the creditor gives the responsibility of collecting the debt to someone else, this is called “third-party collections”.
The debt collection process in Seychelles
The debt collection process in Seychelles usually happens in more than one step. The picture below explains our standard way of collecting debt in Seychelles:
1 Upload your claim:
If you want someone to help you get your money back, you will need to find a debt collection partner. This is a person or company who helps people get money that they are owed. You can upload your claim onto their website. Debitura is a website that can help you find a debt collection partner in Africa. We will give you 3 quotes from local partners - and it is free.
2 Amicable collection:
The collection process starts with sending reminders to the person who owes you money. This is called a campaign. The reminders go through email, SMS, letter, and other ways people communicate in that country. The goal is to get the debtor to pay the debt or at least start a payment plan. Debitura offers a no-cure-no-pay solution for amicable collection. Amicable collections means that both sides are friendly during the process. With Debitura, you only pay a success fee if we recover your debt. So there is no risk for you!
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 decide 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 you owe someone less than $2,000 to $5,000, it is not worth it to spend more money to sue them. In this case, we recommend "debt surveillance." This means that we will keep trying to talk to the person you owe money to and try to reach an agreement where they pay you back some of the money.
B: Legal collections:
For larger claims, we recommend starting a legal process. The kind of process you need to do depends on the type and size of your claim. In most cases, the process will take 12-18 months.
C: Debt enforcement:
If the person you are claiming money from has acknowledged your claim or if you have a court order, you can go to the bailiff's court to get your money.
Amicable collection in Seychelles
At Debitura, we offer a 100% risk-free and efficient process for Amicable collections. All you have to do is submit your claim, and we will get started within 24 hours.
We will try to contact your debtor through different channels in Seychelles. This might include 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 admit that they owe the money and start a plan to pay it back
If the person you are trying to get money from has disputed your claim, you cannot try to resolve it peacefully. You must go directly to legal collections.
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Get started with
amicable debt collection
Upload your claim and get started with our 100% no-cure-no-pay collection solution.
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Legal collection in Seychelles
If you have not been paid during the amicable phase or the debtor disputes your claim, we will provide you with 3 free quotes from our 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 via the legal system in Seychelles. This payment order can then be used to enforce your claim via enforcement court.
The amount of money you need to pay a lawyer depends on how complicated your case is and how big your claim is. To get the best price, ask more than one lawyer for their prices so you can compare them. 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 Seychelles
If the person you think owes you money has signed a paper saying they owe you money, or if a court has said they owe you money, you can go to the bailiff's court in Seychelles to get your money.
The process of getting money back and how much it will cost differs depending on your situation. You can upload your case onto Debitura. Then, you will get three different quotes within 24 hours that are based on your claim.
Get started with
debt enforcement
Upload your claim and get 3 FREE quotes from our local collection partners.
The analysis is concluding that the risk of running a business in Seychelles is medium. Based on this medium 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 Seychelles well. If possible, provide a short credit period or even better upfront payment. The medium risk score is based on the following factors:
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The economic risk in Seychelles
Economic risk in Seychelles 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 Seychelles is 1,32 bn. USD (2021), growing by 1,85% per year.
In terms of the size of its economy, Seychelles ranks #168 out of 183 countries and has a small economy.
In terms of growth rate, it is ranked #144 out of 183 countries and is therefore considered a slow-growing economy.
GDP per capita is 13307 USD, ranking Seychelles number #55 out of 183 countries. This means the purchasing power of citizens in Seychelles is high compared to the rest of the world.
You get a more detailed idea of GDP and economic growth in Seychelles in the table below:
Another significant influencer for the economic risk score is the inflation rate and the interest rates. You get a more detailed idea of monetary KPIs in Seychelles in the table below:
Looking at the interest rate for businesses, it is 9,16%.
The business environment risk in Seychelles
Our analysis shows that the business environment risk in Seychelles is medium (3 out of 6), which is a low risk score in Africa.
The business environment risk are determined by the level of economic freedom and rights in a country. Take a look at the important facts for Seychelles in the table below:
As you can see in the table, the property rights index is 65 in Seychelles, which is considered quite good in Africa.
The business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study. The Index is 68 in Seychelles, a pretty good score for a country in Africa.
Seychelles's overall economic freedom index is 66 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.
The political risk in Seychelles
The political risk in Seychelles 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 important drivers for political risk. An overview of Seychelles can be seen in the table 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 Seychelles, the rule of law index is at 0,34 points, with the score going from -2.5 (weak) to 2.5 (strong). Seychelles has, therefore, a medium rule of law index, which means it should be possible to enforce your contracts. If possible, we still recommend charging payment upfront or working with credit insurance for larger deals.
The commercial risk in Seychelles
In Seychelles, 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 commercial risk is impacted by a country's international trade relationships. You can see some of the key facts for Seychelles in the table below:
Seychelles has a foreign exchange reserve of 0.7 bn. USD.
Seychelles has a negative trade balance of -25,33% of GDP. The meaning of this is that Seychelles imports more goods and services than the country exports.
The financing risk in Seychelles
We have calculated the financing risk to be 3/4, which equals a medium risk. A medium financing risk score is pretty average for countries in Africa.
The country's banking system, efficiency, and stability influence the financing risk. You can find the critical facts for Seychelles in the table below:
In Seychelles, the credit information sharing index is 5 on a scale from 0 (low) to 8 (high). The result of this, is that the access and trustworthiness of the credit information in Seychelles is medium.
This makes it not that easy for you to understand the credit risk of your counterpart in Seychelles. Unless you have found a good source for credit ratings or know your specific customers well, we suggest charging payment upfront or using credit insurance.
Your legal rights as a creditor (and as a borrower) are 2 out of 12 and, therefore, very weak.
The medium financing risk for creditors also impacts the high interest rate in the private sector of 9,16%.
Debt Collection in Seychelles: Frequently Asked Questions
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In Seychelles, when someone owes a debt, they're called the debtor, and the person who gave the invoice is the creditor. If the creditor collects the debt, it's called first-party collection. If someone else collects on behalf of the creditor, it's called third-party collection. The debt collection process usually involves sending reminders, then evaluating the situation. For smaller claims, debt surveillance is recommended, while larger claims may require legal action. If the debtor acknowledges the claim or there's a court order, the creditor can go to the bailiff's court to get their money. Debitura offers a free service to find debt collection partners in Seychelles.
The debt collection process in Seychelles usually involves three steps: pre-legal collection, legal debt collection, and debt enforcement. Pre-legal collection involves sending reminders to the debtor to pay back the debt or arrange a payment plan. Legal debt collection is recommended for larger claims and can take up to 12-18 months. Debt enforcement can be used if the debtor acknowledges the claim or a court order is obtained to recover the debt. Debitura can help you find a debt collection partner, offer a no-cure-no-pay solution for amicable collection, and evaluate the best course of action.
If a debt is disputed, a civil lawsuit is required for debt collection in Seychelles. Legal actions may also involve debt enforcement and insolvency proceedings. It is important to hire a local lawyer for these processes. Debitura can provide you with three free quotes from debt collection attorneys to help negotiate payments and obtain a payment order through the legal system. Prices for legal services vary based on the complexity of the case and the size of the claim.
The cost of debt collection in Seychelles varies based on the specific case and desired actions. Debitura uses a no-cure-no-pay model for pre-legal collection, with a success fee ranging from 10-20%. Legal actions are quoted based on the case, but Debitura can provide 3 quotes from top debt collection lawyers in Seychelles.
The duration of debt collection in Seychelles varies on the case and the debtor. If the situation can be resolved during the pre-legal phase, then it usually takes 3-6 months. But if legal actions are needed, the process can go up to 12-18 months. The duration of the process depends on different factors, and our team will work efficiently to resolve the case as soon as possible.
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