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International Debt Recovery in Nigeria

International Debt recovery can be referred to as the process of collecting negligent accounts outside the country of residence of a creditor.

In Bulls capital limited, we ensure that the process and procedure of pursuing your delinquent amounts and foreign debts from your foreign debtors are inculcated in order to recover your money for you.

International Debt recovery services can be rendered to businesses or individuals who demands for our services to help them in recovering their debts from their debtors (either individual or business).

Bulls capital limited is a fully licensed third-party collections firm which focused on debt recovery and skip tracing services. Our firm work worldwide in all time zones in order to provide custom outsourcing solutions for any individual or company that is looking for debt recovery agent to outsource their debt recovery activities too.

Based on our experience, we have discovered that the key to succeeding in the industry is to render an augmented combination of technology, security, excellent service and professionalism in relation to debt recovery services. Our accomplished, well-trained representatives  provides clients with the topmost customer service, meeting demanding background check and we are dedicated to principled conduct and deliver excellence initiatives. Our objective is to become the best outsourcing collections partner you will ever need.

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Requesting for our services as an international debt recovery agent in Nigeria will expose you the following advantages:-

  • Cost effectiveness: – Since, debt recovery agent is more like no collection no fee services. It’s up to us as an international debt recovery agent to ensure that your debt are been   Once you have authorize us to recover the money for you; then we have to enact    different consultation means which will aid in recovery of the debt. However, in a situation,  where your debtor decides to remain adamant to our amicable recovery, we can now advise  carry them to court; and in this, you will have to bear the cost of sanctioning the debtor.          And this won’t cost you much as compare to when you compare it to the cost you will      incur, if you are to come down to Nigeria to demand for the debt yourself.
  • Multi-ways Communication:- As an international debt recovery agent, we make use of several means of communication in order to get across to the subject of the debt and as well  successfully linked up with the debtors. Also, we tends to maintain different language call centres for us to negotiate with the debtor in their own language. For example, if you are  an America based creditors, and you want us to recover a debt from a Lebanese debtor residing in Nigeria. Our duty as an international debt recovery agents is to make use of          both English and Lebanese language to communication to your debtors in order to make the debt recovery process easier.
  • Reduction of Risk: It has been proven to some extent by various researchers that, making use of an external debt recovery agent tends to reduce the rate of unsuccessful debt     collection than making use of your internal debt recovery department. The risk we will take      in recovering your debt for you in Nigeria; will quiet be different from the risk that your            internal department will take. For instance, risk of travelling down to Nigeria, risk of      locating the company’s present location and so on.

     In Bulls capital limited, we have high qualified debt recovery professionals that are versatile in recovering debt for foreigners by making use different tactics and procedures.

  • Legal and Ethical Issues: – Because, we are Nigeria based International debt recovery agent; we know how to operate within the laws of the land and apply various specific  legally and ethically means of recovering debt. We make use of morally ethically means  of recovering debt because apart from recovering your debt for you, we also want to protect your company’s good name and reputation.
  • Litigation activities: Litigation activities set-in when your debtors refused to pay; knowing fully well that they are owing you (as a creditor). Then, as an international debt  recovery agents In Nigeria, we have standby lawyers that are ready to work with us any point in time. Your own role as our client is to give us to ahead to sue the default debtors  and also incur some expenses the services of the lawyer.
  • Flexibility: Because we are an international debt recovery agent in Nigeria, we are flexible in handling debt recovery issues. We are so much aware of any laws in different countries because it will help us to demand for your debt from your debtors by making use different  scope and methodology; no matter where the debtors are located in the world.
  • Maintenance of Good relationship: In bulls capital limited; we ensure that while recovering your debt for from your debtors; we bear in mind that, we still want you to have    a cordial relationship with your debtors. Our manner of approach in recovering the debt will always ensure that your good name is been protected with the debtors, so as to give  room for future business relationships.

Also below is the additional advantages of making use of International Debt Recovery Agents:-

  • As an International Debt Recovery Agents, we operate in the same jurisdiction with that of the debtor, therefore we can make use of popular and regular, legal channels to engage the
  • Since most charges are on No recovery – No fees basis, then the cost of collecting the debt will be lower for the creditor. The Creditor’s time and money has been saved because he          only pays when he gets results.
  • In a situation where a creditor did not employ a debt recovery agent that render his services on the basis of No Recovery, No fees; they won’t be able to save themselves the stress of      appearing in court. If an international debt recovery is hired, appearing in court by the      creditor won’t be necessary.
  • Debt Collection Risk is reduced. That is, International Debt Recovery Agents comprehends the details of Debt Recovery more than a Company’s employee could do.
  • As an International Debt Recovery Agent, we tends to operate with the use of best moral and principles debt recovery practices which go in line with local laws of where your debtor    resides and this local laws are deployed in collection of the debt.
  • We also make available a full litigation services for you for your debt collections.
  • As a Creditor, there is an assurance for you that all taxes and fees will be transparent and be attended to in a professional ways.
  • Creditors brand is preserved as International Debt Recovery Agents strive to maintain cordial relationship with the debtor.

Furthermore, our international debt recovery services is a risk free services in the sense that, we only receive payment when the debt has been recovered to your cover. However, we normally charge 10% fee on the debt recovered as our fee; notwithstanding in some few cases, the fee rate can be more than 10%.

As an international debt recovery agent, we research on the history of the debt and any contractual issue that might be hindering the payment of the debt by your debtors. Also, we tends to identify the right person that will authorize the payment, if we eventually get to know the location of the individual or company owing you money.

More so, in a situation where we need to receive the paid debt on your behalf; we assure you of 100 percent revert of your money to you.

In Bulls capital limited, we ensure integrity and accountability in all our dealings; that’s why our numerous abroad have been entrusting us with their debt recovery services for a very long time.

In International debt recovery services; no general rule of law applies all the world; the law that applies is based on the debtor’s location.  For instance; if you want to collect debt from a debtor based in Ghana, then Ghanian law applies and so on like that.

Two main features can be distinguished in most countries:-

  1. Authorization is almost always desirable for third-party collection agencies, to protect  debtors from dishonest companies and forbidden practices.
  2. And there are also rules about forbidden actions against the debtor. (To protect the debtor.) For instance; within what time of day the Debt Collector may get across to the debtor etc. Finally,
  • International debt collection laws does not exist.
  • To collect your debt for you, we tends to apply the rules for collection of debt in your debtor’s country
  • Before we can’t rendering recovery service to you, your permission will be always needed with appropriate document attached to it.

In Bulls capital limited, after giving us go ahead to recover your debt for you and we are unable to recover the debt from your foreign customer during the pre-legal phase; the next thing is to go to court.

Our Engagement Process in relation to International Debt Recovery services are:-

Stage 1

The first thing you need to do is contact our office by either physical visit, mail, or call our office line.

Stage 2

The next stage is to negotiate and agree on our fees for the debt recovery service we want to render for you.

Stage 3

Then, you will have to give us a letter of appointment as your Debt Recovery Agents

Stage 4

After issuing us letter of appointment, the next thing is for our firm and you to sign the Debt Recovery Agreement

Stage 5

Then we will receive the portfolio of debtors, contacts details, phone numbers, emails, addresses, statement of account, invoices, agreements Invoices, Delivery Notes/Waybill, Statement of Account, Work Orders, Purchasing Order, Letters of Awards of Contracts, Agreements, Offer and Acceptance of Loans, Evidence of payments made, email correspondence, records of phone calls, SMS Chats, demand notices, admittance by the debtors of the debts and also evidence that support the claim.

Stage 6

At this stage, we can now commence our debt recovery activities

Stage 7

This is the last stage, where we are going to provide periodic reports, recover the debts and pay the Debt into your account.

However, in international debt recovery, the process of getting debtors to pay their debt by making use of court judgment is called International judicial debt collection process. In this phase of debt recovery, what we will do is to:-

  • Investigate the feasibility of the legal proceedings we want to go into
  • Then, we will take a cognizance look at the financial situation of your debtor
  • Observe the legal system in the country that your debtor is located.

The above activities will let us know the probability of winning the court case. As it will give us a realistic view of our chances of success.

Issues in International Debt Recovery

When you engage an International Debt Recovery as a Creditor, the following are some of issues you are likely to face. Different legal systems, language, time zones, currencies, cultures, laws etc. Bulls Capital Limited’s International Debt Recovery Practice saves you the stress in handling the debt recovery yourself as we work with Partners in the locations of the debtors. With Business-to- Business Debt Recovery, we make it fairly straightforward.

Are you a Universal Creditor? You have a debt in a foreign jurisdiction which has become past due and proving tough to collect? Our crew of International Debt Recovery Agents backed with the best commercial lawyers. Bulls Capital Limited have the link to recover the past due debts. Also, payments are made by the Debtor to you directly.

In a Nutshell, the Main Phases of International Debt Recovery can be categorized into:-

  • Pre-Legal Stage: International Debt Recovery Agents utilizes persuasion to get debtor to settle debts through phone calls, emails, letters, meetings.
  • Legal Stage: An action for Debt Recovery is established by the International Debt Recovery Agents upon obtaining Power of Attorney.  Judgment is obtained
  • Enforcement Stage: Judgment obtained is enforced by (a) writ of fieri facias (b) garnishee proceedings (c) judgment summons, (d) enforcement of judgment for delivery of good, (e) payment by installment, (f) execution by writ of sequestration

The services we render in relation to Debt recovery are:-

  • Without recovery, fee will not be collected
  • Use of Local Debt Recovery Agents
  • National Debt Recovery
  • Report Delivery
  • Customized Reporting
  • Economical Debt Recovery Litigation
  • One on one meeting with the debtor
  • Debtor Account Management
  • Hassle-free quotation
  • No advance fees
  • No subscription
  • Ethical and Equitable Debt Collection
  • Monies paid to Creditor, we don’t receive Clients monies into our Account.

Some of the industry we service are:-

  • International Trade
  • Manufacturing
  • Oil & Gas
  • Transport
  • Power & Utilities
  • Banking & Insurance
  • Media & Telecommunications
  • Hotel & Travel
  • Medical & Healthcare
  • Government & Diplomatic Institutions
  • Commerce & Consumer

Why Bulls Capital Limited?

You need us in order to ensure that, collecting your debt is in compliance with all local, national and international laws and regulations in the country at which your debtor is residing. Bearing in mind that each city, state or country have their own licensing and bonding requirement; as well as legal system and processes of recovering debt.

Furthermore, you also need us because as a professional international debt recovery agent, we have a firsthand knowledge of various written and unwritten rules in the field of international debt recovery and you has a layman in the field may not be aware of all these and you can easily take the wrong steps by recovering the debt for yourself.

Relevant Laws in International Debt Recovery

The relevant laws in International Debt Recovery will be those that triumph in the jurisdiction of the Debtor. The International Debt Recovery Agent will have to be acquainted with laws and regulations that is applicable in such country so that in demanding for a Claim in a Debt Recovery Assignment, the laws of that Country is valued without the rights of the Debtor breached with hostile consequences for the Creditor and our Client. Laws are therefore limited to each debtor country.

Why engage us for Global Worldwide International Debt Recovery today?

  • We remain an International Debt Recovery Agency with link across the globe. Our team are knowledgeable in Laws and Commercial Transactions.  We ensure that we approach          our work with utmost professionalism.
  • We also offer Litigation free of charge as our Partner Attorney’s don’t charge a fee for representation during the legal stages and also enforcement. Our Clients also enjoy High   Success Rates, International Network of Debt Recovery Agents, Specialist Debt     Recovery Experts, Cross boarder Jurisdiction, Access Knowledge, culture and language,        save time, peace of mind, customized solutions

Finally, Bulls capital limited debt recovery offers a rare set of debt recovery services in different jurisdiction, different time zones, different languages, currencies, regulatory regimes and cultures and this made us one of the best international debt recovery agent in Nigeria.  Moreover, we also have vast connections in so many countries of the world; that can make our international debt recovery services faster in case, we are not physical present in the countries that your foreign debtors resides at a particular period of time.

Our Legal Approach to recover debts

  • Recovery through the Issuance of Writ of Summons
  • Recovery through application for Summary Judgment
  • Recovery through application for Mareva Injunction
  • Recovery through writ of execution

Our Demand Letters comprise of the following particulars:-

  • Circumstances leading to the Debt
  • The amount involved
  • The particulars of the Debtor
  • Particulars of the Client
  • Set time for payment of the debt, for instance 7 days.

Frequently Asked Questions

Why should we engage Bulls Capital Limited?

We are Professional, Result-driven, principled, reliable, client-focused, qualified, knowledgeable in Law, Commerce and Relationship Management.

What does it cost to engage us?

No advance fees. We operate on the principle of No Recovery, No fees. Our Client only bear Cost of Filing a Matter in Court. No Court appearance fees. We believe in recovering the debt. You don’t bear unnecessary legal cost should litigation recommended as an option to recover is accepted by you.

What is the minimum no of account do you accept?

We have no minimum number of account receivable for us to recover

What is the minimum debt size?

₦1,000,000 or USD Equivalent

What type of debt do we accept?

We accept all types of debt.

How long will your pre-legal recovery efforts take?

It depends on the case and situation of the debtor. The range to which he is willing to settle the debt, admittance of the debt, disagree with the amounts owed, the financial situation of the debtor.

What is your Debt Recovery Process?

Demand Letters, Reminders, Phone Calls, and Personal Visit on schedule, Memorandum of Settlement, Litigation & Enforcement of Judgments.

What is the Age of Debts you accept?

We accept debts not older than 6years.

Do you provide Field Services?

We hold schedule meetings at times convenient with the Debtors. No field agents.

Is Documentation needed?

Yes. We need documentation to be able to know how to negotiate with the debtor, the nature of the debt, be put in position to get the debtor to admit the debt

What type of Documentation do we need from you?

Invoices, Delivery Notes/Waybill, Statement of Account, Work Orders, Purchasing Order, Letters of Awards of Contracts, Agreements, Offer and Acceptance of Loans, Evidence of payments made, email correspondence, records of phone calls, SMS Chats, demand notices, admittance by the debtors of the debts , undertakings, promissory notes, dishonored cheques, etc. and also evidence that support the claim.

Do you offer Litigation Services if Pre-legal action fails to compel repayment of the debt?

Yes, we do in affiliation with a team of Legal Practitioners who work with us to deliver this service. Gainfully, no fees are paid for Court appearances.

Are collection fees legal to be added to the balance owed for both consumer and or commercial debt?

Yes, if same was incorporated in or contemplated by the Contract. Otherwise a victorious party in a litigation would be entitled only to Costs

Other Conditions?

We will be happy to accept recovery action for debtors in good financial standing and in a position to pay the debt or have assets that can be seized and auctioned in events we have to get them to pay through litigation and they failed to satisfy the judgment debt after mediation failed.


In case you need our service in relation to this post, please call 08023200801, 08075765799, email: sales@bullscapitalltd.com. Alternatively, you may complete our request for proposal form hereunder.