Debt Collection Greece | Cedar Financial

Debt Collection Greece

A Trusted Recovery Solution in Greece

Collecting a debt in Greece 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 Greece 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 Greece, 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, but 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 Greece

Our staff and in-house lawyers working as a team, have a valuable experience of more than 15 years in debt collection industry and important knowledge of the Greek market, enabling them to handle files with efficiency, discretion and strategy, on our clients’ interest, on the minimum time required.

We work on a No collection- No Fees basis.

Mostly B2B but we also service B2C.

While there is no limitation on how long the process will take, if our efforts are deemed unsuccessful after a time (roughly 4 months) we immediately inform the customer of our recommendation for the next step in the collection process.

Upon receipt of the case and depending on the contact details provided, we initiate collection (call, fax, email, registered post) or do a search to trace the debtor. In some cases, and where necessary, we pay personal visits, free of charge.

Both B2C and B2B statutes are 5 years from the due date of the invoice or last payment (except on Maritime Law Companies whereas the statute of limitation is 1 year)

Feasible depending on the case

It would be recommended even if not mandatory. At least the nature of the claim/small explanation as from where it derives, is compulsory.

In general terms, any amount above the capital claim can be claimed only through legal suit (if judgement is granted). The Legislation in Greece does not oblige the debtors to pay any further fee/amount, on top of their principal outstanding balance.

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