Debt Collection Sweden
Collecting a debt in Sweden 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 Sweden 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 Sweden, 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.
Our agency handles both claims from smaller family companies and large export claims for Swedish and non-Swedish groups, government companies and authorities, credit insurance institutions, debt collection agencies and banks. We have extensive experience within our field, cultivated contacts throughout the world and legal experts who also work nationally within Sweden.
We charge commission on recovered amount on a ‘No-Win-No-Fee’ basis. For legal cases, rates will be determined separately.
We don’t have a general minimum, we talk to our clients and try to customize our services so it will fit their needs.
We service all types of debt. Both commercial and consumer claims.
The amicable collection will be at least 8 days which is the number of days the debtor has to repay the amount amicable after receiving a collection order. We also monitor cases longer, but after 8 days it is possible to go apply for a simplified judgment.
We conduct an address search and send our first letter (Payment Order) to the debtor by regular mail. This letter encourages the debtor to settle the claim within 8 days to prevent simplified legal actions through the bailiff. We will try connect through phone as well to reach the debtor. Our legal department accepts disputed claims for court proceedings. The lawyers fee is billed separately.
The general limitation period for debts in Sweden is three years for consumer claims and simplified judgments and ten years for B2B-claims, promissory notes and court judgments.
We don’t have field agents as it is not a common service for collection companies to have in Sweden, but we are working with several other companies who’s services we use when we want to serve documents to a debtor.
To register a claim at our office we need certain information about the claim, or a copy of the original invoice. If/when further documentation is needed we will request it from our client.
We offer legal services in-house; our lawyers are experienced and they work both with out-of-court settlements and court procedure.
It is legal to add a nominal collection fee to both commercial and consumer debts.
