Debt Collection in Montenegro
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Recover debt from Montenegro easily
Sterling simplifies debt recovery in Montenegro. Our expert team and established network of trusted partners specialise in overcoming language, cultural, and legal barriers to recover your outstanding payments swiftly. With our no-win, no-fee policy, you focus on growing your business while we handle the debt recovery.
Commission-only Montenegrin debt collection
Sterling Debt Recovery provides international business debt collection and debt recovery services. Our customers include small businesses and global corporates from across the world. We are able to collect one-off debts with a minimum value of 1000 euro and upwards, or regular and higher volumes of debts where values are lower.
Debt litigation in Montenegro
Where legal expertise is necessary, we work with a UK *solicitor who has considerable experience in collecting cross-border debt. Even if it proves necessary to engage the *solicitor to assist in recovery, he will still attempt to achieve payment without court proceedings. If litigation is required, then we will analyse the case and provide advice as to whether the procedure is likely to be successful and cost-effective. We will also advise on which procedure is more appropriate, including options for enforcement should this be necessary. Various options for litigation are possible depending on the terms of business and status of the debt. In some cases the terms will stipulate that the jurisdiction is in our client’s country, in which case it may be appropriate to issue a claim there before applying to the Montenegrin court to register the judgement. Often the European Order for Payment procedure may be more efficient, and in others cases it may be necessary to take action in Montenegro.
Where local representation, expertise, or enforcement is necessary in Montenegro, we are able to call on an established network of trusted partners there to assist in collection. The entire process is managed by our debt collection team so that our client has a single point of contact throughout the process.
No-win, No-fee commercial debt recovery in Montenegro
Sterling are able to collect Montenegrin debts on a commission-only basis with no up-front fees. Charges only apply in cases where legal proceedings are required or third-party costs apply. Our standard commission rate for collecting debts in Montenegro is 20% of the gross value recovered, although lower rates are available for high-value or large volumes of debt. Higher rates apply for debts over 24 months old or where another agency, lawyer, or legal action has already been unsuccessful. Contact us to discuss your debt.
- A single point of contact for all international debt collection.
- Established debt collection agency collecting overseas commercial debts since 2007.
- *Solicitor with expertise in cross-border debt recovery.
- Network of trusted partners worldwide for enforcement, process service, legal advice, and litigation where necessary.
- Debts are paid directly to our clients or a separate client bank account in Euros, GBP, USD, or other currencies as required.
- Sterling is an international member of the Credit Services Association, complying with the CSA’s code of conduct.
* Sterling Debt Recovery uses an independent 3rd party solicitor. You can see more information here legal services.
Outsourced collections service for Montenegrin invoices
Where a company has regular business with customers in Montenegro it can be difficult to maintain prompt payment. Sterling’s multilingual outsourced credit control service can be used to achieve payment quickly whilst retaining and improving customer relationships. The service can work entirely under our client’s brand, so the outsource is completely invisible to the end customer, enhancing the business image, improving cash flow, and improving relationships.
To find out more about Sterling’s outsourced credit control service Click Here!
One of our long term clients had built up a debt of £3300 and despite making repeated promises to pay no money was forthcoming. We tried sending a solicitor’s letter but this had no effect and we did not want to risk throwing good money after bad for legal action. For me it was business principal which made it important to collect these invoices. I had received an introduction from Sterling so I contacted them to find out what was on offer from debt collection agents. Sterling didn’t suggest jumping straight in with legal action, they just collected any relevant background info from me regards the debt and offered to work on a commission only basis with no payment up front. This was the result: 2 weeks later Sterling informed me they had negotiated to recover more than £4000 from the debtor, this being the total invoice value plus late charges. This meant that after deducting Sterling’s fee I would still recover more than the outstanding invoice value. I’m delighted with the service and if I have a bad debtor in future I’ll contact Sterling first.
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