Debt Collection Agency in Kingston – International Credit Management Solutions
International Credit Management Solutions is a premier debt recovery agency in Kingston offering effective Debt Collection services in Jamaica, renowned since 2005 for innovative methodologies, ISO 27001 certification, no fees for unsuccessful collections, and membership in the Private Sector Organisation of Jamaica.
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Company description
About International Credit Management Solutions – Debt Collection in Jamaica
International Credit Management Solutions (ICMS) stands as Jamaica's leading debt collection agency, providing expert and ethical debt recovery services since 2005. Based in Kingston, ICMS offers comprehensive solutions tailored for both commercial and consumer debts, leveraging over four decades of combined professional experience.
Proven Results
ICMS’s success is reflected in its long-standing partnerships with all major financial institutions in Jamaica. The agency's reputation for excellence is further solidified by its ISO 27001 certification, highlighting its commitment to information security. Membership in the Private Sector Organisation of Jamaica (PSOJ) and the Association of Credit and Collection Professionals (ACA International) underscores its industry recognition and adherence to ethical standards. These affiliations ensure that ICMS remains at the forefront of innovative debt recovery solutions and legal debt recovery practices.
Our Process
ICMS utilizes a structured methodology to ensure efficient and ethical debt collection. This comprehensive approach involves strategic assessment and action to deliver optimal results.
- Analyze: Assess client needs and debtor profiles to understand specific requirements.
- Advise: Outline strategic, compliant recovery plans tailored to the client's situation.
- Strategy: Execute personalized and ethical collection actions, including targeted communications.
- Result: Review outcomes, report performance, and provide advice on further action, such as escalation to litigation if necessary.
Meet the Team
Founded in 2005, ICMS employs a skilled team of 45 professionals dedicated to providing exceptional debt recovery services. Key personnel include the managing director and lead consultants, all chosen for their expertise in the financial sector. This team’s vast combined experience ensures ICMS can handle complex debt recovery challenges, making it a preferred choice for businesses across Jamaica and the Caribbean.
Services & Industries
ICMS offers a range of services, including the recovery of commercial and consumer debts, court-appointed bailiff services, skip tracing, and litigation support. These services are complemented by professional training on receivables management, ensuring that clients are well-equipped to manage their accounts effectively. As experts in commercial debt recovery, ICMS serves diverse industries, enhancing the financial health of its clients.
Learn more about Jamaica's debt collection landscape by exploring Debitura's Jamaica debt‑collection guide.
PRICING MODEL
International Credit Management Solutions Ltd (ICMS) offers a contingency-based fee structure for its debt collection services, meaning clients incur no costs unless debts are successfully recovered. The agency charges between 25%-30% of the outstanding debt when collected, ensuring clients only pay for results. Prospective clients can access a free initial consultation and personalized quotation via the “Get a quote” feature on the website.
ICMS determines the precise commission rate on a case-by-case basis, influenced by factors such as the type and age of the debt, the debtor's jurisdiction, and any legal or investigative actions required. The commission is deducted from recovered amounts, with net proceeds remitted to clients according to the agreed payment schedule. While the website does not address taxes, Jamaican clients should expect fees to be subject to General Consumption Tax (GCT) as per local law, detailed in the engagement letter accompanying each quote.
ICMS outlines payment terms and any additional expenses like court fees in advance in the engagement letter, emphasizing transparency and aligning interests by earning only upon successful debt recovery. Request a detailed quote today.
Process
Debitura simplifies global debt recovery with precision. Debitura is a tech‑powered debt‑collection platform that routes every claim to vetted local experts for immediate, country‑specific action. Operating across 183 countries, Debitura ensures unparalleled reach and effectiveness. In Jamaica, the firm's no‑cure‑no‑pay model assures clients pay fees only upon successful recovery. Creditors can gain valuable insights into statutory interest rates and timelines for debt resolution by exploring the Jamaica debt-collection guide. For businesses focused on expanding their financial security in the region, the North America debt‑collection network offers extensive resources. Tap into a debt collection agency in Jamaica tailored to your specific needs, ensuring your claims are resolved efficiently.
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Top-Rated Debt Collection Agency in Jamaica
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