Debt Collection Denmark

A Trusted Recovery Solution in Denmark

Collecting a debt in Denmark can seem impossible. Language and cultural barriers, foreign laws and customs, and sheer distance all impose serious challenges.

Debt recovery is simpler when you use a collection agency fluent in the laws and customs of the country where the debtor resides. Cedar Financial offers on-the-ground representatives in Denmark who understand the debt collection practices that work to support full recovery of your funds.

Since 1991, Cedar Financial has served as a trustworthy, nationally licensed debt collection agency, helping businesses collect unpaid accounts internationally. With knowledge of collecting debts in a wide range of different industries, our experienced team collects your debts quickly and effectively so you can receive the payments you're owed.

With offices in over 150 countries, including Denmark, working with Cedar Financial provides you access to a global network of nationally licensed debt collectors. Our in-depth understanding of local laws, customs and cultures guarantees the best possible debt mediation results.

Comprehensive, People-First Help

At Cedar Financial, we put people first, doing everything we can to get your money back while still preserving a good relationship with your customer. Our strategic public relations efforts are fair, nut firm-ensuring your reputation is our top priority!

We combine a people-oriented approach with the latest tech-driven solutions to drive results and provide better contact management. This comprehensive method gets the results you need while preserving customer relationships.

In addition, our network of debt collectors, attorneys, suppliers and vendors are cherished relationships that allows us to get the job done. We value each of these relationships, no matter how small or large.

Contact us today and learn what we can do for your business.

Frequently asked questions for Denmark

We have years of experience with all kinds of debt collection. We strive for maximum efficiency and great results. Following up on claims from start to finish is imperative in debt collection, which is something our entire business revolves around.

A commission is only payable when recovery is successful.

This is a tough question to answer, as we always consider all claims. In general we will not initiate files with a principal amount <$250.

We maintain all kinds of debt.

Our non-legal collection flow takes approximately 1,5 - 3 months. While our general flow is standardized we often add more steps if it makes sense in any specific claim.

As we are legally obligated to follow certain guidelines, the first few steps are always the same.

1st step = Collection Notice. The debtor is informed by land mail that they have 10 days to pay the full amount, or the claim will be taken to collection with added costs. 2nd step = Collection Letter. The debtor is informed by land mail that the claim is now in collection with specification of the added costs. Another deadline of 10 days is given to pay up the full amount, including collection costs. If the debtor still doesn’t pay, we will then be able to proceed with legal action. 3rd, 4th and 5th Step = Phone Calls. Three phone calls are made to any number we have on the debtor, either linked to their address or person. If the debtor does not pick up, or are unreachable, a letter is sent strongly urging the debtor to solve the case amicably. Step 6 = Legal Notification. If debtor has not paid by now our last letter is sent. The letter states that we have no other option but to recommend legal action to our client, which will impose additional legal fees to be covered by the debtor.

As for regular invoice claims without a binding signature the statute of limitation is 3 years. As for promissory notes, signed contracts, overdrafts and judgements, the statute of limitation is 10 years.

This is usually not a service that we offer. We have attempted this before and history shows this is not a very effective way of collecting claims against Danish citizens. Sometimes the result is very good, but most often it is simply a waste of time. In very special events it is a possibility, but that depends entirely on where the debtor is located.

YES! All claims must be fully documented at the time of forwarding.

Yes. We offer full legal assistance in both regular and disputed claims.

Collection costs are imposed upon debtors regardless of consumer or commercial debt. Same goes for legal action. Almost all costs can be imposed upon the debtor (disputed claims excluded).