Top-Rated Debt Collection Agency in Iraq

Fast and reliable debt collection in Iraq - 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 Iraq can be made simple through our services.

Debitura is a specialist in Iraq debt recovery. Our team of seasoned professionals provides a wide range of services, such as accounts receivables management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. With our knowledge of the country's debt collection laws and regulations, we offer efficient and effective solutions that help businesses retrieve outstanding debts.

From beginning to end, we offer unwavering support.

Tailored debt recovery plan.

"More than 500 professionals are available for global debt recovery."

Our success rate in debt collection is 87%, achieved at the most affordable cost.

"Meet our local legal partners for debt collection in Iraq - Top debt collection lawyers"
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The ultimate guide about debt collection in Iraq

We help businesses get money from other businesses or customers who owe them money. If you have a financial claim against someone in Iraq, we can help you!


Collecting a debt in Iraq is very hard. There are many challenges, like language and cultural barriers, foreign laws and customs, and being far away.


When you use a collection agency that knows the laws and customs of the country where the debtor lives, it is easier to get your money back.


At Debitura, we care about people. We try to get your money back while still being fair to the person who owes you money. We want to help you keep a good reputation! If you want to learn more about how to collect debt yourself, read this guide. If you would rather work with a local law firm that specializes in debt recovery in Iraq, 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.

Debitura can help you collect your debt in Iraq and other countries. To get started, upload your claim on our website. We will assess your case and provide you with 3 free quotes from local debt collection lawyers in Iraq within 24 hours. We use a people-oriented approach with the latest tech-driven solutions to get 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 outstanding debts in Iraq now without any charge. Simply generate a free profile, and upload your case within 2 minutes.

2

Pre-legal

We will attempt to collect your debt using our successful pre-legal recovery method for the initial 90 days. If we are unable to recover your debt, you will not be charged any fees (no-cure-no-pay).

3

Legal

If your unpaid claim moves beyond the pre-legal phase, we will offer you 3 quotes from our trusted 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 Iraq

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


The person who owes money is called the debtor. The person who the money is owed to is called the creditor. If the creditor collects the debt themselves, this is called first-party collection. If the creditor gives the responsibility of collecting the debt to another person or company, this is called third-party collections.

The debt collection process in Iraq

The debt collection process in Iraq usually happens in more than one step. The picture below shows the steps we usually take to collect debt in Iraq:

The debt collection process in Iraq here:

1 Upload your claim:

Unless you want to get your money back yourself, you will start by finding a company to help you. You will give them some information about the money you are owed. If you use Debitura, we will give you 3 different companies who might be able to help you. This is free - there is no catch.

2 Amicable collection:

The collection process usually starts with sending friendly reminders to the person who owes you money. This is called a campaign. The reminders go through email, SMS, letter, and other ways of communication in the specific country. The goal is to get the debtor to pay or agree that they owe the debt, and start a plan to pay it back. Debitura offers a no-cure-no-pay solution for amicable collection. This means that 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 someone you lent money to has not paid you back yet, it is time to figure out what to do. We will look at how much money is owed, the chance of getting paid and other things to help you make a decision. There are three common next steps:

A Surveillance:

If your claim is below 2,000-5,000 Euros, it is often not worth it to take further legal actions. In this case, we recommend "debt surveillance." This means that we will keep trying to reach out to your debtor and try to negotiate a friendly settlement.

B: Legal collections:

It's a good idea to go through the legal system if you have a big claim. The steps you need to take will vary depending on the details of your claim. Usually, it will take about one and a half years for the whole process to be completed.

C: Debt enforcement:

If the person you are owed 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 Iraq.

5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
"Thanks to Debitura, we were able to quickly recover our outstanding debts in Iraq. Their expertise in debt collection Iraq helped us navigate the complex legal landscape and we are very satisfied with their services."
Ahmed Hassan - Accounts Receivable Specialist
5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
"Debitura's debt recovery services in Iraq are exceptional. Thanks to their dedicated team, we were able to recover our outstanding dues in no time. We highly recommend them!"
Mokhtar Hassan - Credit Control 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 Iraq

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 reach your debtor in Iraq using different ways, including e-mail, SMS, letters, calls and social media.


This process is to either:


A) get the debtor to pay the full amount or
B) get the debtor to say that they owe 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 anything, you cannot try to resolve this peacefully. You must go directly to 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 Iraq

If you have a written acknowledgement from the debtor or court order, you can use the bailiff's court in Iraq to make the debtor pay what they owe.

The process and cost of getting money back for something you bought that was broken or not working right varies depending on your situation. You can upload your case to Debitura, and within 24 hours, you will get 3 specific quotes based on what you are claiming.

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!

Iraq country risk profile

We have investigated Iraq'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 Iraq.

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 has shown that the risk of doing business in Iraq is high. Based on this high score, we recommend always charging upfront payment or using credit insurance when trading with customers in Iraq, as it may be very difficult to get paid.

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 Iraq

Our conclusion based on the economic risk factors, is that the economic risk in Iraq is very high (6 out of 6). An economic risk of 6 out of 6 is high in Asia.

GDP and economic growth are critical drivers for economic risk.
The GDP of Iraq is 207,89 bn. USD (2021), growing by 2,78% per year.

In terms of the size of its economy, Iraq ranks #51 out of 183 countries and has a medium-sized economy.

Looking at the growth rate, it is ranked #132 out of 183 countries and is therefore considered a slow-growing economy.

GDP per capita is 5048 USD, ranking Iraq number #94 out of 183 countries. This means the purchasing power of citizens in Iraq is average compared to the rest of the world.

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

GDP and economic growthLatest value
Economic growth: the rate of change of real GDP2,78%
Gross Domestic Product, billions of U.S. dollars207,89
GDP per capita, current U.S. dollars5048,39
GDP per capita, Purchasing Power Parity9474,78

Another significant influencer for the economic risk score is the inflation rate and the interest rates. You can see a more detailed picture of monetary KPIs in Iraq in the table below:

Monetary KPI'sLatest value
Inflation: percent change in the Consumer Price Index6%

The inflation in Iraq was 6% in 2021 which is considered a high inflation rate.

The business environment risk in Iraq

Our analysis shows that the business environment risk in Iraq is very high (6 out of 6), which is a high risk score in Asia.

Economic freedom and rights has a big influence on the business environment risk in a country. You can see the critical facts for Iraq in the table below:

Economic freedom indexLatest value
Property rights index (0-100)45
Freedom from corruption index (0-100)22
Business freedom index (0-100)52
Monetary freedom index (0-100)77

As you can see above, the property rights index is 45 in Iraq, which is considered low in Asia.

The business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study. The Index is 52 in Iraq, a low score for a country in Asia.

The political risk in Iraq

The political risk in Iraq is very high, with a score of 6/6. This is a high political risk score in Asia.

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

Governance and political stability indicators Latest value
Rule of law index (-2.5 weak; 2.5 strong)-1,73
Government effectiveness index (-2.5 weak; 2.5 strong)-1,29
Control of corruption (-2.5 weak; 2.5 strong)-1,25
Political stability index (-2.5 weak; 2.5 strong)-2,4
Corruption Perceptions Index, 100 = no corruption23

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 Iraq, the rule of law index is at -1,73 points, with the score going from -2.5 (weak) to 2.5 (strong). Iraq 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 Iraq

In Iraq, 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 Asia.

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

International trade and investment Latest value
Foreign exchange reserves, billion currency units64.23

Iraq has a total of foreign exchange reserves of 64.23 bn. USD.

The financing risk in Iraq

We have calculated the financing risk to be 4/4, which equals a high risk. A high financing risk score is high for countries in Asia.

The country's banking system, efficiency, and stability influence the financing risk. You can find the extra information for Iraq 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 Iraq, the credit information sharing index is 0 on a scale from 0 (low) to 8 (high). The result of this, is that the access and trustworthiness of the credit information in Iraq is very low.

This makes it very difficult for you to understand the credit risk of your counterpart in Iraq. Unless you have a strong relationship with your customers in Iraq, 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 Iraq: Frequently Asked Questions (FAQ)

How does debt collection work in Iraq?

Debt collection in Iraq typically involves multiple steps such as amicable collection, evaluation, surveillance, legal collections, and debt enforcement. First, a creditor provides information about the debt to a collection company such as Debitura. Next, friendly reminders are sent to debtors to encourage repayment. If that fails, surveillance, legal collections, or debt enforcement may be pursued based on the amount owed and likelihood of success. Debitura offers a no-cure-no-pay solution for amicable collection and can assist with all steps of the process in Iraq.

What is the debt collection process in Iraq?

The debt collection process in Iraq typically involves three steps: pre-legal collection, legal debt collection, and debt enforcement. Pre-legal collection involves sending friendly reminders to the debtor, while legal debt collection involves going through the legal system. Debt enforcement can be pursued if the debtor admits to owing the debt or if there is a court order. Debitura can assist with all three steps in Iraq.

What legal options exist for debt collection in Iraq?

If the debt is disputed, a civil lawsuit is required for debt collection in Iraq. Legal options for debt collection include debt enforcement and insolvency proceedings. Legal actions require a local lawyer. We offer 3 free quotes from our network of local attorneys who can negotiate payment or go to court to obtain a payment order. Legal fees vary based on the case, so it's best to compare prices from multiple lawyers using Debitura.

How much does debt collection cost in Iraq?

Debitura offers pre-legal collection services in Iraq with a success fee between 10-20% under a no-cure-no-pay model. The cost for legal actions depends on the specifics of your case. But don't worry, we can provide 3 quotes from top debt collection lawyers in Iraq to help you make an informed decision.

How long does debt collection take in Iraq?

The duration of debt collection in Iraq ultimately depends on the debtor and the case. If the issue can be resolved during the pre-legal stage, the process usually lasts between 3 to 6 months. However, if legal action is necessary, the timeline can stretch from 12 to 18 months. The length of the process is determined by the complexity of the debt and the willingness of the debtor to cooperate.