Debt Collection Turkey
Collecting a debt in Turkey can seem impossible. Language and cultural barriers, foreign laws and customs, and sheer distance all impose serious challenges.
Debt recovery is simpler when you use a collection agency fluent in the laws and customs of the country where the debtor resides. Cedar Financial offers on-the-ground representatives in Turkey who understand the debt collection practices that work to support full recovery of your funds.
Since 1991, Cedar Financial has served as a trustworthy, nationally licensed debt collection agency, helping businesses collect unpaid accounts internationally. With knowledge of collecting debts in a wide range of different industries, our experienced team collects your debts quickly and effectively so you can receive the payments you're owed.
With offices in over 150 countries, including Turkey, working with Cedar Financial provides you access to a global network of nationally licensed debt collectors. Our in-depth understanding of local laws, customs and cultures guarantees the best possible debt mediation results.
At Cedar Financial, we put people first, doing everything we can to get your money back while still preserving a good relationship with your customer. Our strategic public relations efforts are fair, but firm-ensuring your reputation is our top priority!
We combine 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.
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.
Contact us today and learn what we can do for your business.
Based in Istanbul, Turkey, our team of collection specialists is highly trained. In addition to their financial knowledge, familiarity with local customs and culture, our agents are trained in negotiation, conflict resolution, and other techniques. This emphasizes our commitment to amicable debt resolution.
We work with No Recovery No Fee services for prelegal debt collection and there are no hidden fees or costs. Our service fee becomes payable only after Turkish debtors make a payment.
Minimum value of placement is $100.00
Mostly commercial (delivered goods/ rendered services) which are around 80% and the rest consumer debts.
Approximately in between 2 weeks and max 2 months. We also do investigation and skip tracing to locate unfound debtors and if no payment and/or settlement plan within 2 months, we share our advice and how to proceed with legal action if the debt amount is worth for.
Investigating most updated contact info of debtor, sending demand letter by private cargo, fax and email, and then collection calls start. If necessary, we make a site visit or arrange a meeting with debtor.
10 years in Turkey
Yes, we do. Depending on the location of debtor, we ask for traveling costs.
Yes, evidences carry a high importance for pre legal debt recovery.
Yes, we do. We have a team of 12 lawyers to start legal enforcement in Turkey. However, procedures of legal action in Turkey requires and apostilled Power of Attorney and legal action may take between 1-4 years. So that's why we share a final report for our pre legal actions before giving our legal advice.
Debtors in Turkey are not legally liable to pay collection fees or interest during pre legal debt recovery process. Collection fees (if mentioned in the contract between debtor and creditor) and interest can only be claimed after legal action.