Debt Collection in Poland
Debt Collection in Poland
Are you a business owner that has a client in Poland that is withholding payment for goods provided? If so, you need to take action to recover what is owed before it is too late.
Since 2004, we have helped thousands of clients that are owed money by debtors based in Poland.
The United Kingdom and Poland have always had a positive trade relationship so it is no secret as to why this is the case.
In 2020, it was reported that the total number of UK exports to Poland was $5.95 Billion. The export of machinery, vehicles and electronics contributed a large amount to this number.
It is an unfortunate reality that the larger a country’s business transactions, the higher the chance for payments to go unpaid. This is especially true in the modern business world, where international business is easier than ever to carry out.
If you are owed money by a Polish debtor, you may feel like you have little or no options when it comes to debt recovery in Poland.
The international debt collection procedure is often perceived to be a difficult task to undertake. Those who are owed money commonly believe this cannot be recovered due to the distance.
We understand why this may be a common thought, however, this is inaccurate and debts can be recovered anywhere in the world. It is really a case of having the correct knowledge and experience of the Polish debt collection process.
At Federal Management, we have helped a large number of clients recover money that is owed from Polish debtors. This is achieved by having a specialist global network of debt collectors.
Our experts have put together this informative guide to help business owners that need an amicable collection of their debts.
The Debt Collection Process in Poland
It is true that debts that are owed overseas can take a longer time to collect than those from the United Kingdom. This is due to the various factors that need to be taken into consideration when taking on debt collections cases.
Language barriers, laws and regulations, time differences etc. can all impact the time it takes to recover an international debt.
For example, in Poland, the limitation period for when debts can no longer be enforced is 10 years. This is counted from the date on which the claim becomes payable.
Initially, business owners may try to recover any unpaid amounts independently. However, this can waste a lot of time and resources if they are not used to the overseas recovery process.
Independently recovering a debt is an easy choice, but there are debt collections services available that provide a better solution.
Business owners may prefer to take the legal route and acquire a law firm to perform the debt collection.
Whilst debt collection lawyers are (and have always been) an effective way to recover money, there are disadvantages to this.
They are known to operate on a drip fee basis and can sometimes charge up to £200 per hour for their services.
Additionally, it can take a long time for a law firm to recover a Polish debt if taken through the courts. Time equals money and could end up costing more than the debt was originally worth.
When invoices go unpaid and money is owed, you should strive for an affordable debt collection service.
The most effective way to recover money that is owed to you is by using a debt collection agency.
This has quickly become the most popular method for business owners that have not been paid.
Federal Management Debt Collection in Poland Solution
Federal Management is one such debt collection agency and is widely regarded as the UK’s leading business debt collection agency.
Across its long history, they have recovered millions of pounds worth of debts for businesses across the globe.
Its global network of debt collection experts means its specialists can recover debts virtually anywhere in the world.
There are many benefits to choosing Federal Management for debt collection in Poland, including:
- An average recovery rate of up to 90% on all undisputed debts.
- One of the most affordable debt collection solutions in the industry.
- Professional service means business relationships are not jeopardised.
- Worldwide debt collection experts to help recover debts no matter the location.
- Demonstrated success of recovering debts in all industry sectors.
If you are a business owner that is owed money by a client in Poland, do not hesitate to contact our experts today.
Debt Collection in Poland – Frequently Asked Questions
Can A Debt Be Collected Internationally?
Yes. Regardless of where your debtor is based in the world, this can still be recovered by a professional debt collection agency.
What Is The Debt Collection Process in Poland?
There are a plethora of methods available for debt collection in Poland. The most effective way to recover money that is owed is by using a debt collection agency.
What Happens If You Use A Debt Collection Agency?
Using a debt collection agency will provide you with an effective and affordable service. The experts will have specific knowledge of how to amicably recover money owed.
How Long Do You Have To Collect A Debt?
Each country has its own specific laws related to when a debt becomes statute-barred. For example, in the UK this is 6 years, whereas, in Poland, this is 10 years.