Debt Collection Agency in Nicosia – RIME Information Bureau Ltd
RIME Information Bureau Ltd is a premier debt recovery agency in Nicosia offering effective Debt Collection services in Cyprus, positioning itself as the go-to partner for debt recovery since 1986, with operations across 14 countries and memberships in LIC, FENCA, and FEBIS.
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Company description
About RIME Information Bureau Ltd – Debt Collection in Cyprus
RIME Information Bureau Ltd, based in Nicosia, Cyprus, is a leading debt collection agency acclaimed for its comprehensive and ethical recovery solutions. Established in 1986, the agency operates across 14 countries, leveraging its expertise in commercial debt recovery to support a wide range of industries.
Proven Results
RIME Information Bureau Ltd has built a strong reputation in the debt collection sector, supported by prestigious memberships with organizations like the Federation of European National Collection Associations (FENCA) and the Federation of Business Information Services (FEBIS). These affiliations underscore the agency's commitment to maintaining high standards in debt recovery practices. The firm's strategic presence across the Middle East, North Africa, and the Mediterranean enables effective management of both domestic and cross-border cases, demonstrating its capacity to handle complex jurisdictions with proficiency.
Our Process
The recovery process at RIME Information Bureau Ltd is meticulous and transparent, aimed at securing outstanding receivables while safeguarding client-debtor relationships.
- Engage in amicable collection efforts through multi-channel communication in the debtor's local language.
- Evaluate each case individually, considering jurisdiction and debtor profile, to devise tailored strategies.
- If initial efforts fail, initiate the pre-legal phase with formal demands and structured negotiations.
- Pursue legal action only when justifiably recommended, coordinating with local legal experts.
- Provide clients with a dedicated account manager and transparent reporting.
Meet the Team
Led by a team of experienced professionals, RIME Information Bureau employs 80 dedicated staff who bring diverse expertise to its operations. Noteworthy team members include Andy Yiacoumi, Group Sales leader specializing in client relations, and Graham Thomas, a key figure in International Due Diligence efforts. Each member contributes to the agency's mission of delivering informed and reliable debt recovery services.
Services & Industries
RIME's service offerings extend beyond debt recovery, encompassing Business Information Reports, Due Diligence Investigations, and risk analysis services. These are vital for industries such as credit insurance, export credit agencies, and international banking. By combining proprietary methodologies with the RONDAS database system, RIME offers clients a robust framework for making strategic decisions. For further context, see Debitura’s Cyprus debt-collection guide, which outlines local regulation and best practices.
PRICING MODEL
RIME Information Bureau Ltd, a Cyprus-based debt recovery specialist, offers a transparent, contingency-based fee structure. This means clients pay fees only upon successful recovery of outstanding debts, with no hidden charges or upfront costs for core services. The recovery process includes pre-legal steps and may progress to legal action, all managed under a single success fee arrangement. This approach benefits SMEs and multinational corporations by optimizing cash flow and mitigating credit risk. However, for specialized activities such as on-site debtor visits, an advance payment is required. These visits carry fixed fees communicated at the engagement outset. While specific success fee percentages are not disclosed online, they are tailored according to assignment specifics like portfolio size and debtor jurisdiction. Prospective clients are encouraged to contact RIME directly for a detailed, case-specific quotation. For comprehensive pricing details, including success fees and payment schedules, request a personalized quote from RIME’s debt recovery team.
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