Debt Collection in Sweden

Debt Collection in Sweden

Sweden is one of Europes most prosperous nations, trading across the EU as well as the rest of the world. In 2020, the UK exported $5.6 billion worth of goods, making Sweden a key partner of Britain.

Companies from across the UK that have been trading with Sweden have strong links with their clients. Other businesses may be building their first links with a new client overseas. Regardless of the situation, there will, unfortunately, be situations where payment is withheld.

There are many reasons for this, but it is always important to begin any kind of debt collection process as soon as possible. If a debtor fails to pay, then taking steps to resolve the matter is crucial to success.

No business wants to lose money, and non-paying clients can cause a lot of problems in a short space of time. If clients do not pay, then the business is in danger of being unable to pay its own bills.

Regardless of the situation, or where the debtor is based, debt recovery is always a valid and necessary course of action. Are you owed money from a client based in Sweden? If so, our expert debt collectors can help.

Debt Collection in Sweden – Recovery Options

Business owners that are facing the challenge of a difficult client that is not paying are often unsure if there is a solution. As well as this, debtors that reside in different countries to the people they owe money to usually feel that they are immune from any consequences.

Both of these scenarios are false – for the business that is owed money, there is always a solution. For the debtor that owes money, the debt can still be enforced no matter where they are.

A specialist debt collector can take steps to ensure that the money is collected promptly and professionally. Whilst it is true that there are several options, there is only one that provides the benefits of low cost and effectiveness.

A professional debt collection agency can take every step to enforce the collection of a debt. Better still, choosing to use a proven and reliable international debt collection agency is always more beneficial.

For instance, Federal Management has provided international debt recovery services to UK businesses since our original openings. During that time, we have recovered millions of pounds for hundreds of companies across the UK.

Debt Collection in Sweden – The Importance of Choosing a Specialist

In order to successfully recover money from any nation, a professional debt collector needs to have the knowledge and expertise to be able to do so.

For example, Sweden (like every nation), has unique local and national laws that govern how debt and collectors can operate. One example of this could be the difference in the statute of limitation between the UK and Sweden.

In the UK, there is a limitation period of six years in which debt can be enforced. In Sweden, this period is set at ten years. However, there are also cases that have made special exceptions to this.

As well as this, more obvious factors such as the language barrier, working hours and even cultural differences can all affect how a case should be handled.

If dealt with improperly, and by the wrong company, an unsuccessful debt recovery action will only result in wasted time and money. Choosing the best agency for the task is an important decision.

When searching for a solution for debt collection in Sweden, you should always seek out an agency that has a proven history of successful collections.

Federal Management, for instance, has a global network of trusted debt collection partners. Each one of these is based in one of the world’s major towns or cities and has an intimate working knowledge of the debt collection laws and customs in their area.

This gives Federal Management the ability to successfully recover owed money from virtually anywhere in the world.

If you are owed money from a non-paying client in Sweden, speak with us today. Our friendly debt collection experts can help you take the first steps towards recovering your money.