Having drawn from the expertise of Atradius Collections' local offices, the International Debt Collections Handbook explains the different regulations and procedures for debt collections in Argentina.
Amicable collections
General information
Atradius Collections provides debt collection services with extensive local expertise in order to meet clients’ needs. We contact debtors verbally and in writing with a proactive and objective approach, aiming to maintain the relationships between our clients and their debtors at all times.
Local agents
We work with a range of selected partners to supplement our local knowledge and expertise. They complement our global presence and help us meet our clients’ needs wherever they are located in the world. Our local partners are based in Buenos Aires city. If necessary, we can visit debtors at their own local addresses; however, the travel costs must be covered by the client.
Interest
Usually during the amicable phase, debtors are charged with a rate not exceeding 1% per month. Meanwhile, in order to have the interest paid, the client is obliged to provide an official document such as a debit note.
Debt collection costs
During the amicable phase, this is a matter of negotiation. However, the collection costs cannot be added to a case unless a signed contractual agreement exists between the debtor and the client. From a cultural point of view, Argentinian debtors are not used to paying debt collection costs.
The Debt Collections Handbook presents a snapshot of Argentina's economic situation and it covers the following topics:
- Legal procedures
- Interest and costs in the legal phase
- Insolvency proceedings
- Time frame and outcome
To read more about steps and procedures undertaken in debt collections in Argentina and other countries: