1.1 Call the debtor to inquire if your invoice has not yet been paid; provide a notification immediately; provide a clear description of the invoice in your reminder; also mention a payment period of a certain number of days in this reminder.
2.1 Our international debt management experts have experience and knowledge of Finnish legislation and regulation. Therefore, they are fully aware of the Finnish business traditions and culture, which makes it easier for your Finnish debtor to make payments faster.
3.1 Debt recovery attorneys have more leverage than a debt recovery service or a bailiff to put pressure on your Finnish debtor. We can also help you during both the extrajudicial process and the judicial step. That saves you both time and money.
4.1 Our company debt recovery strategy is customized to every single case, and we provide tailored advice to you.
5.1 We will always offer our honest advice on the likelihood that your debt recovery will be successful. It is vital to us to place your needs first; we are endeavoring to provide you with your choices and guidance on the best route to take. It is clear to see how we are upholding our core values of honesty and fairness.
6.1 The method of debt collection in Finland can be broken down into two levels. Selection takes place during the extrajudicial process, without the involvement of the Court. They do include the Court during the legal process in order to make the Finnish debtor compensate.
6.2 Because we are a law firm, we are able to assist you in both processes. In Finland, most issues relating to debt recovery are settled during the extrajudicial process, without interference by the Court.
7.1 In theory, we often continue with the extrajudicial step of the debt collection cycle. We are trying to prevent Court interference at this point, as this can be expensive. We'll be calling your Finnish debtor to accept payment.
7.2 In specific cases, we'll even engage with your Finnish debtor in a face-to-face chat. If the debtor fails to pay within a specified period of time we will launch legal proceedings on your order. Throughout Finland, the declaration of legal proceedings also convinces the client to compensate.
8.1 If your Finnish debtor refuses to pay during the extrajudicial process we can go to the Court in Finland following negotiation with you.
We will always send you preliminary details about the likelihood of success in your debt recovery case.
We will also remind you of the potential costs in advance, and will only continue with your approval.
In the case of an uncontested dispute between two parties located in EU Member States (except Denmark).
European Order for Payment proceedings may be initiated.
In your situation, the prosecutor who manages your case will decide whether this kind of action is acceptable.
The claimant typically filled out a standard form for EU Order for Payment procedures and submits this to the Tribunal.
Instead, the Court issues a Community Transaction Notice.
The debtor then has 30 days to decide whether they object to the charge. If no response is obtained within the 30-day span, you can require the Court to finalize the payment order (called a "declaration of enforceability"). This decision is true and enforceable and is recognized in any Member State (except for Denmark).
The EU Payment Order is never useful for contested issues (so not in situations where there is a disagreement over the invoice).
The benefit of this process is flexibility and low cost (some Member States don't even impose a court fee), but the drawback is that if it gets challenged, the case stops, and if the claimant wants to continue, a regular civil action will have to be launched.
- Contact your customer and demand why no payment has been and when exactly it will be.
Always request the payment copy sent to you.
- Are you not able to solve the problem with your customer? Send them a certified letter requesting immediate payment.
- Be conscious that with ambiguous payment terms or arguments, your Finnish debtor may try to gain additional time.
Persevere, be direct and never postpone.
- In Finaland, a payment period of three to seven days is normal
Our Finland debt collection experts have comprehensive experience and perspective of Finnish laws and policies.
Therefore they are perfectly aware of Finland's trading values and traditions.
Which makes it easier for your Finnish debtor to quickly make payments.
Contact Us and Get our comprehensive article about how to collect a debt in Finland, using the amicable and legal options. This is best debt collection guide on Finland your will ever find.
Because we can start collecting today. Our technology enables us to give you best in class collection services so we can locate the individual debtor quickly, and get you paid today.
We follow your instructions at all times and ensure regular communication with you via collection reports, recommendations regarding debtor payments, payment plans and, where necessary, repossession and Court proceedings.
We have prepared for you a comprehensive article about how the debt collection process works in Finland.
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