Foreign debt collection

The concept of foreign debt collection is an exciting topic with many possibilities and solutions.

We have therefore chosen to write an article on the subject so that you as a company can learn more about debt collection abroad, which we here at Collectia also call international debt collection.

How does debt collection work abroad?

There is no single answer to how debt collection works abroad, but generally speaking, the Nordic countries such as Sweden, Norway and Finland have many legal similarities with Denmark. As a customer, you will find that the debt collection process in the Nordic countries is very similar to debt collection in Denmark.

In many EU countries, you will also find that debt collection is very similar to the way debt collection works in Denmark. However, there may be different time limits, deadlines, amounts and fees that differ from the Danish ones.

In almost all European countries, a lawyer or debt collection company will handle the debt collection process - just as we know it in Denmark. Many countries also allow the creditor to handle all or part of the debt collection process themselves.

Our best advice: Find a local debt collection company in your country

At Collectia, we have worked with debt collection for many years - also abroad.

Our best recommendation is that if you want successful debt collection abroad, you should work with a debt collection company in the country where you have your debt collection cases.

Often you or your local Danish debt collection company will have the opportunity to perform debt collection abroad, but experience shows that debt collection performed by a local partner often has a much higher success rate than debt collection performed by the creditor or a Danish debt collection company.

The local debt collection company knows the law, and debtors often have more respect for a local player than a player from another country.

Collectia is part of the European Collectors Association (ECA)

At Collectia, we are part of the European Collectors Association, ECA for short, which is an association of some of Europe's most skilled debt collection companies. The network of skilled foreign debt collection companies covers all of Europe, including Germany, France, Italy and many other countries where Danish companies often trade.

The collaboration means that you upload your items as usual - online on Collectia's platform.

Our employees will then automatically take over the process and forward the case to the respective countries and relevant partners.

Status, actions etc. you get through Collectia. In other words, you don't have to deal with anything other than just having contact with Collectia.