OUTSOURCING DEBT COLLECTION IN INDONESIA

The Indonesian Civil Code regulates interest on late payment that must be paid by a defaulting party at the request of the creditor in court. Two kinds of interest can be applied. The usual interest rate may be agreed by the parties through a contract or bill and applied in the event of a delay in payment or in the event of a breach of other obligations. However, in the absence of a contractual agreement, the law sets a legal interest rate of 6% per annum (as of 2021).

Litigation in Indonesia is usually time-consuming and costly as the appeal process allows debtors to postpone the case even further. The Law on Judicial Power requires the courts to be independent, but in practice, they continue to face a high dose of corruption and the system as a whole suffers from a lack of reliability. Therefore, outsourcing debt collection is the best option. In fact, negotiations with the debtor should always be the first step because it is a requirement to seek a peace agreement before filing a claim.

Sometimes the sad reality is that returning your money requires taking a hard and strong line with debtors. CIS DRS as 3rd party debt collector provides all types of debt collection services in Indonesia: complete information research, including local and international databases, phone numbers, etc.; a full range of negotiations, including letters, emails, phone and conference calls, face-to-face meetings, outbound site visits, private detectives, etc.; drafting of all necessary legal documents, petitions, claims, lawsuits; further support of the case until payment.

Almost 95% of the cases that we managed are recovered without court proceedings. However, if it happens when the debt remains unpaid, we may recommend litigation with a full range of options. Our collectors will also help you with the selection of the best legal support for each specific case. CIS Debt Recovery Solutions has partners in many countries globally.

By contacting our debt collection agency, you will benefit from our many years of practice in the field of debt collection and our network of lawyers in many countries around the world.

Moreover, there is no need to worry about privacy, which is especially important these days. All your personal information and trade secrets will be kept safe as our program complies with the General European Data Protection Regulation (GDPR).

Our prices are based on excellent client service and the No Win No Fee principle. We work for results in amicable debt collection and have fixed prices for standard litigation.

Therefore, if your company has an outstanding financial debt in Indonesia and you look for advice, you can hire our team. Do not hesitate to contact our outside collection agency CIS Debt Recovery Solutions. Please fill out the form to submit your debt collection request.