Debt Collections Made Better
DEBT COLLECTION IN SOUTH AMERICA
Debt collection in South America varies by country, with different regulations and enforcement mechanisms. However, some common trends exist:
Key Aspects
- Regulation: Countries like Brazil, Argentina, and Chile have consumer protection laws that regulate debt collection, while others have less stringent oversight. Debt collectors must often be registered or licensed.
- Collection Process: Typically starts with notices, calls, and negotiations. If unresolved, creditors may escalate the case to debt collection agencies or take legal action.
- Legal Enforcement: Courts can issue judgments for wage garnishment, asset seizure, or payment plans. The efficiency of legal enforcement varies by country.
- Consumer Protections: Laws in countries with strong financial regulation (e.g., Brazil, Colombia, Chile) prohibit harassment and unfair collection practices, but enforcement can be inconsistent.
Countries We are Available In
PRESENCE & COUNTRIES LIST
Please find more about our workflow and approach to debt portfolio management in the following countries
- Argentina
- Colombia
- Ecuador
- Paraguay
- Guyana
- Uruguay
- Bolivia
- Chile
- Brazil
- Peru
- Suriname
- Venezuela
Debt Collections Made Better
Transforming debt collections with a respectful approach for more satisfying results
Collections are not simply about the numbers, and it’s not all about collecting a debt — it’s about finding reasonable solutions that help people gracefully meet their financial obligations. At IDCC, we bring a human focus to debt collections by approaching every interaction with empathy.
IDCC performs its collections for our clients in a structured and organized way to provide maximum results in collection
- Precise financial diagnosis regarding the existing debts of customers and the company itself
- Debtor files are transferred to several departments, each handling a suitable type of file
- Actual collection is done by a team with a financial background and excellent interpersonal skills to maintain the relationship between the customers and their debtors.
- Using IDCC’s method, developed over years, collection will be effective and provide our customers with the desired results and a return of at-risk income