1. Costs - No Win No Fee! 

Having long standing relationships with all our overseas partners we have agreements to provide these services on a NO WIN NO FEE basis charging the agreed commission rate against monies recovered only. 

2. Coverage in Finland 

Finland is divided into 19 regions with Uusimaa (capital Helsinki) the largest region by population. Our local office is in Helsinki so are centrally located to recover debts throughout all of Finland. 

3. Local Experience 

Unlike many of our competitors all cases are handled by the local office or partner. The reasons for this are they speak the debtors' language, in this case Finnish is spoken by 89% of the population. We understand the local cultures and know all the legal processes. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas. 

4. Statute of Limitation in Finland 

3 years but there are special exemptions so whatever the age please contact us and we will advise if we can assist with your claim 
Search a country below for debt collection: 

How to Instruct Us 

We simply require the following details: 
Full name & address of the debtor 
All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s) 
Amount owed (Invoice(s) or Statement will help) 
Or ask us to call you – just leave us your details: 

Case Study - GBP 3,500 recovered from Finland Debtor 

Initiation of Case 
A long standing Danish client based in Copenhagen had a £3,500 debt against a debtor in Oulu, Finland. The debt related fashion items purchase by the debtor company. There were no complaints about the quality or delivery of the goods but just refused to pay and communicate with our client. 
Debt Collection Processes 
Upon receipt of the case we forwarded it to our local partner in Finland. They then immediately sent the initial dunning letter to the debtor stating the amount owed and a deadline to pay. Our partner made contact with the debtor and dues to financial problems agreed a payment plan over 6 months. Payments to be made every 2 weeks. This was closely monitored by the partner and a full settlement made in accordance with the agreement. 
The client, as usual, was extremely pleased with the efficiency and professionalism of our partner and ourselves. 

Finland Debt Collection – No Win No Fee 

Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only. 
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows: 
The local International Debt collection Partners know: 
The local cultures 
The best methods of initiating debt recovery letters and processes 
The languages 
The laws 
Are in the same time zones 
Herewith details of our debt collection service Finland: 

Location of debt recovery office in Finland? 

Helsinki. All debt collection letters are sent by the local head office. 

Number of debt collection staff? 

Over 900 staff. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response result s from debtors. 

How long have you been operating a debt recovery service in Finland? 

We have been operating a European debt collection service on a no win no fee basis in Finland since the 1980's. Finland is included on our debt collection agency list

What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)? 

We handle both Business to Business debt recovery cases and Business to Consumer debt collections cases. There is different content for business to business debt collection letter templates and business to consumer debt collection letters templates

Statue of Limitation in Finland? 

The statute of limitation is typically 3 years for contracts. 
Finland civil litigation statute of limitations is a law that time limits a plaintiff’s right to bring a claim against a defendant. The statute of limitations in Finland is 3-10 years. However, if an action has been taken within this time then the statute of limitations time will be extended to account for this. Once the specified time period elapses then no action can be taken through the legal processes unless the plaintiff is able to prove exceptional circumstances. Other Statute of Limitations include: 
Finland Open Account Years – 3 years 
Finland Promissory Notes – 10 years 
Finland Written Contracts – 10 years 
Finland Oral Agreements – 3 years 

How EU (European Union) laws effect debt collection in Finland? 

Finland is governed by EU regulations. 
Finland has been a European Union (EU) member country since 1995, Euro area member since 1999 and Schengen area member since 2001. 

How many companies registries in Finland for businesses (i.e. UK has just 1 central registry)? 

Sörnäisten rantatie 13 C, Mailing address:, FI-00091 PRH, FINLAND 
There is 1 company registry in Finland which is called Finnish Patent and Registration Office located at FI-00091 PRH, Finland. 
We have access to Finland Company Registry searches to find out who further background information on all Finland companies. 

What is the debt collection process in Finland? 

Collection activities are roughly divided into extrajudicial and judicial phases. In the extrajudicial process the aim is to achieve an out of court settlement  If debtor does not pay voluntarily, then the debt collection will proceed to judicial process which in Finland means a summon application to a district court and after having the court ruling the enforcement procedure. 

Average length of time to collect a debt? 

There is no average time frame for the b2b debt collection process in Finland. Amicable resolutions are normally completed in a few weeks. The court processes can take many months to complete. 

Can late payment fees / interest to be added to claims? 

Interest on late payments accumulates during the entire debt collection time. The interest on late payments is determined by the Finnish Interest Act. If the due date has been agreed on beforehand, the late-payment interest starts from the due date. 
Normally, debt recovery costs can be claimed at most for two payment demands. Costs can be claimed for more than two payment demands only if there has been a special reason for sending them and the payment demand details the collection particulars and provides the special reason for sending those demands. 
The recovery costs claimed from the debtor for the first payment demand can, at most, amount to: 
€ 14, if the principal sum does not exceed € 100 or if the debt is directly enforceable (for example, a health centre payment for a municipality). 
€ 24, if the principal sum is € 100 – 1 000 
€ 50, if the principal sum is more than € 1 000 
For the second payment demand, the creditor can charge at most a half of the maximum amount of the charges for the first payment demand.). 

Details on legal service / process in Finland? 

Civil proceedings commence with a written stage, in which the claimant first lodges his claim and the defendant subsequently files a statement of defence. The court may, of its own motion or upon request, order further written submissions from the parties prior to the preparatory hearing. 
After receiving the necessary written submissions, the court calls the parties to a preparatory hearing, the aim of which is to clarify the issues in dispute and the evidence to be presented at the main hearing. During and after the preparatory hearing further written submissions may be ordered by the court. 
At the main hearing, the parties present their evidence and arguments. In addition, all witnesses and experts are heard. Judgment is delivered thereafter. 
The length of proceedings and of the main stages varies for example due to the complexity of a case and there are no comprehensive statistics.In civil law cases, the burden of proof lies on the party asserting a fact on the balance of probabilities. In some cases, the burden of proof can be reversed. 
Court-sponsored mediation is part of the court litigation process. 

Finland Business Credit Reports 

Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. There are around a million businesses registered in the Finnish Trade Register, of which 540,000 are live and active companies. These include Limited Liability Companies, General Partnerships, Limited Partnerships and Sole Traders. Through our online databases you can download Finnish business credit reports instantly. This can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed. 

Finland Skip Tracing Agents 

Creditreform’s debt collection company service also uses expert local Finland tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace. 

Specialist Debt Recovery Experts 

There are many unique requirements to recovering international debts in all countries including Finland debt collection services which differ from the UK debt collection agency  services and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service. 

Finland Debt Collection Partners in the following Finland Cities  Helsinki Debt Collection Agency Oulu Debt Collection Agency Tampere Debt Collection Agency Turku Debt Collection Agency  

What is the legal system in Finland? 

The Finland legal system is based on Nordic law. 

What is the name of the Government Gazette in Finland? 

The Gazette in Finland is called the Official Journal - Virallinen lehti / Officiella tidningen. 

Which countries border Finland? 

Finland is bordered to the north by Norway, to the east by Russia and to the northwest by Sweden

Who are the main trading partners for Finland? 

The top Finland export markets are Germany, Sweden, Netherlands, USA and Russia and for imports they are Germany, Russia, Sweden, China and Netherlands

What is the Supreme Court in Finland? 

The Supreme Courts for Finland are called 
Supreme Court of Finland (korkein oikeus - KKO) 
Supreme Administrative Court of Finland (korkein hallinto-oikeus) 

Finland Debt Collection Agency FAQs 

1. How does a Debt collection agency in Finland recover overdue debts? 

The debt collection process is initiated by an introductory letter to your debtor stating the amount owed to you and informing them of our involvement. Letters are then followed up with emails and telephone calls. From our experience the most effective part of this process will be the outsourcing to a third party debt collection agency in Finland as the debtor now has to resolve the debt and can no longer hide or provide lame excuses. 

2. How long does the debt recovery agency in Finland take to process a case? 

The debt collection case will be processed immediately up receipt and a letter sent normally by email and post. You will receive an automated confirmation by return. 

3. What is the success rate for debt collection agencies in Finland? 

The success rate of the debt recovery case depends on a number of factors including the solvency of the debtor and whether the case has a legitimate dispute. Our aim is to recover every debt that is recoverable. 

4. Does the debt recovery agency in Finland operate a No Win No Fee debt collection? 

We take on all debt collection cases on No Win No Fee basis only charging the agreed commission against monies recovered. 

5. Why use a local debt recovery agency in Finland? 

The reasons for using a local Finland debt collection agency than processing from a different country is the debt collector in Finland speaks the local language, knows the local laws and operates in the same time zones. 

6. Are there any debts too old or too small for Finland debt collection? 

We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Finland debt collector. 

7. How do I instruct the debt collectors in Finland? 

Instructing the debt collectors Finland is a simple process. You just email details of the debt, debtor and amount to be recovered and the case can be initiated. 

8. What evidence do I need to provide when instructing the Finland debt collector? 

When instructing the debt collector in Finland just provide copies of invoices/statements, debtor contact details and any relevant information you may have to assist with the recovery process. 

9. Who does the debtor pay? 

In general the debt collector in Finland will request payments to be sent directly to the client but if not possible for any reasons will take payment directly. If payment is taken then cleared funds will be processed and sent to client straight away. 

10. Can I instruct multiple cases? 

You can send unlimited debt case instructions. Our systems will automate volume cases to meet your requirements. 

11. Can you trace debtors in Finland? 

Through our network of skip tracing agents we have an extremely high success rate of locating your absconded debtor. 

12. How long does the debt collection process take? 

On average the debt collections process takes 90 days to resolve an amicable debt recovery case. There are a number of factors that can delay this process but we will keep you informed every step of the way. 

13. What are my options if debt collection in Finland is not successful? 

If the debt recovery service is not successful we will advise you of your options including legal actions. Please note no legal actions or other processes will be taken without prior instruction from you. 
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