CIS DRS

OUTSOURCING DEBT COLLECTION IN FINLAND

Debt portfolio management & Debt recovery in FINLAND
We recover your bad debts for the success fee.

Specifics of outsourcing debt collection in Finland

Finland, like any other European country, has a number of economic, social and cultural opportunities that can prevent a lender from getting their money back. An unfamiliar language, a different time zone, national weekends and holidays, and other details can take away an important element of successful negotiations - time.

Often, foreign buyers take advantage of the fact that their counterparties do not have reliable legal representatives in the country where the goods were imported. Thus, millions of suppliers around the world suffer tens of billions of dollars in losses every year. Moreover, a singly unpaid delivery can often have fatal consequences for the lender, such as a lack of working capital, cash shortages, and bankruptcies.

Why should you use the services of an external debt collection agency?

Presence in the country and city of your debtor, proficiency in the debtor's language, access to all national databases of information, payment for services only upon receipt of money to a bank account. Here is just a small list of the benefits of entrusting a portfolio of debt to an outside collection agency.

It is important to note that having inhouse lawyers will not solve the problem like 3rd party debt collectors. Fortunately, not all companies face problems with non-payment for deliveries on a regular basis. However, despite this, the owner of the company will still have to paybills, salaries to inhouse lawyers and office rent on a monthly basis. And if a lawyer is a multidisciplinary one, he will never manage to collect debts better than a 3rd party debt collection agency.

This is how we collect money in Finland

Aleksanterinkatu, Helsinki, Finland
After our third-party debt collection company has received a new case for pre-trial collection from the client, we carefully study all the details of the dispute and trade documents. After that, we conduct an information search for additional contacts, phone numbers, information about the owners of the debtor, financial reports, affiliated companies, and supplies from abroad over the past 5 years. Having compiled a complete picture of the debtor, we develop a negotiation strategy, and alternative plan and a list of arguments.

Having negotiated with the person responsible for paying the debt (most often the owner or CEO), we agree on the resolution of the dispute and approve the repayment plan or settlement program with the parties. Our ultimate goal is not only to return the full amount to our client's bank account but also to maintain good relations between the debtor and creditor.

Let us help you to return the debt

We advise you not to waste budget and time trying to collect the debt on your own or with the help of ineffective inhouse lawyers. Just fill out the feedback form on our website and our outsourcing debt collection company will start negotiations with your debtor. We work exclusively for the result because in the cases of pre-trial negotiations you pay us only after you have received the money in your bank account.
AT A GLANCE
Serving Clients in FINLAND for more than two decades
Debt Collection
  • analysis of trade documents in default
  • credit check of the debtor's company
  • strategy for peaceful settlement
  • drafting official demand letters
  • phone negotiations with debtor
  • personal negotiations with debtor
  • drafting restructuring plan
  • control of installment payment
Debt Management
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation
  • legal review of trade documents
  • translation of the documents
  • drafting a Power of Attorney
  • making a strategy of litigation
  • drafting and filing law-suit
  • application for assets seizure
  • participation in court hearings
  • obtaining judgment for client
Arbitration
  • legal review of arbitration clause
  • translation of necessary documents
  • drafting a Power of Attorney
  • making a strategy for arbitration
  • drafting and filing law-suit with IAC
  • application for assets seizure
  • participation in arbitration hearings
  • obtaining arbitral award for client
Enforcement
  • analysis of judgment or arbitral award
  • making a strategy of enforcement
  • drafting application for enforcement to local court
  • participation in court's hearings
  • obtaining writ of enforcement
  • filing the writ to Bailiff's Service
  • control of execution work
Bankruptcy
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery

DEBT RECOVERY IN FINLAND

No Recovery-No Fee.
CLAIM PROCESSING
  • Verifying Debtor's Address
  • Checking Debtors' Status in Database
  • Brief Report to Client
  • Case Strategy Design
  • Confirmation Receipt
  • Claims Automation System
  • Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!

Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN EUROPE:

TEL: +44-203-582-1943
EMAIL: europe@cisdrs.com

1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM

We work Monday to Friday, 9 AM - 6 PM (GMT)
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