Debt Collection Hungary
Collecting a debt in Hungary 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 Hungary 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 Hungary, 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.
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.
We were established in 1923 and are one of the most experienced collection companies in Hungary. our local market, professionalism in dealing with consumer and commercial debt cases and a wide network which allows us to serve our clients without limitations.
We charge commission on recovered amount on a ‘No-Win-No-Fee’ basis. For legal cases, rates will be determined separately.
The minimum amount we accept is $300.00 for a one-time placement.
We service all types of debts. We collect both B2B and B2C cases.
This greatly depends on the case, but it takes generally three months.
According to our main procedures, we send demand letters, we make phone calls and send e-mails to the debtors. We continue our follow up process until pre-legal collection is not going to be resolved amicably.
General statute of limitation is five years in Hungary.
We have field agents. This service is billed separately.
Yes, documents greatly improve our collection activity.
Yes, we do.