Sweden 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 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 Sweden
– Location of offices in Sweden
Stockholm, Sundsvall, Malmö, Halmstad, Karlshamn.
– Number of staff
50 plus
– How long been operating in Sweden
1993
– What type of debts do you recover? Do you do commercial (B2B) and consumer (B2C) debts?
We recover both commercial debt collection (B2B) and consumer debt collection (B2C)
– Statute of limitation in Sweden
The Swedish Limitations Act stipulates the principal statutory limitation under Swedish law, namely that a claim not invoked within a period of 10 years from its accrual is time-barred. However, there are rules stipulating a shorter period of limitation.
– How EU laws effect debt collection in Sweden?
Most EU laws does not affect Sweden as we are a fairly open country.
– How many registries in Sweden for businesses? (i.e. UK just has 1 central registry).
1 Registry – The Swedish Companies Registration Office, Bolagsverket, SE-851 81 Sundsvall
Any general comments regarding process in Sweden for debt collection and how differs from UK / other countries in Europe
Regulations in Sweden are different from those in most other countries. If you have a Swedish business partner, you will probably be aware that their business culture differs from other cultures in many aspects. Our lawyers are fully versed in the regulations in Sweden, speak the language and are familiar with the business culture of Sweden, which is why we can achieve justice for the creditor in Sweden as well.
– What is the debt collection process in Sweden?
You can apply three different stages in Sweden: 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.
Our processes are mainly controlled by our advanced AI who controls the steps. This means that some debtors may need 4-7 letters while other, maybe younger debtors needs two phone calls and a text.
– Average length of time to collect?
3-12 months
– Can late payment fees / interest be added to claims?
Yes
– Details on legal service / process in Sweden
Traditional litigation – proceedings in the District Courts, Appeal Courts and perhaps even the Supreme Court – requires a type of craftsmanship, which we have spent years perfecting. Success in litigation is as much about tactics, initiative and pedagogic ability as about the law. Based on your business interests, an assessment is made of the best way forward, both before and during a litigation process.
There are many unique requirements to recovering international debts in all countries including Sweden 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.
