Denmark Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collection 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 the UK are as follows:
The local International Debt collection Partners know:
- The local cultures
- The languages
- The laws
- Are in the same time zones
Herewith details of our debt collection service Denmark:
– Location of office in Denmark
– Number of staff
– How long been operating in Denmark
– What type of debts do you recover?
We recover both commercial (B2B) and consumer (B2C) debt
– Statute of limitation in Denmark
3 years from due date
– How EU laws effect debt collection in Denmark?
Most EU laws does not affect Denmark as we are a fairly open country. One law that can be applied around the EU is the European Account Preservation Order which does not apply in Denmark.
– How many registries in Denmark for businesses? (i.e. UK just has 1 central registry).
Denmark has one place where businesses can register. It is called the CVR (Central Company Register).
– What is the process in Denmark?
You can apply three different stages in Denmark: Out of Court debt collection, In Court Debt Collection And Monitoring. Most of our clients usually starts their cases in Out of Court, where we start the process of Collection. After Approx. 40 days we switch phase to the juridical phase (In Court Debt Collection). Should the debtor not pay while in court, the case would go to monitoring. Our monitoring process should be looked at as a cloud where a customer’s case floats around until we see a change in the debtors economy. Once the change has been identified we will try to engage contact.
– Average length of time to collect?
– Can late payment fees / interest be added to claims?
Yes – Both can be added
– Details on legal service / process in Denmark
It costs in region of 1,000 DKK which will be refunded when the debtor has paid his/hers Debt.
Documentation will be asked for.
There are many unique requirements to recovering international debts in all countries including Denmark debt collection services which differ from the UK 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.