Debt Collections Handbook Finland 2017

Debt Collection Reports

  • Finland
  • Agriculture,
  • Automotive/Transport,

10th July 2017

Having drawn from the expertise of the Atradius Collections' local offices, the International Debt Collections Handbook explains the different stages, regulations and procedures for Finland.

Amicable phase



Handbook Report Page - Amicable Phase


Atradius Collections follows a collection process that is professional at all times with the objective to retain relationships between client and debtor whenever possible. Our staff of collection professionals carry out the first collection tier in-house. They relentlessly pursue debtors verbally and in writing within the bounds of federal and state laws.


Atradius Collections Finland always charges interest to debtors calculated from the base rate set by the Finnish National Bank, plus 7.5% per year. There are two alternatives:

  • To calculate the interest rate as agreed between creditor and debtor.
  • To calculate the interest rate according to Finnish regulations based on the reference rate fixed by the National Bank of Finland (plus 7.5% per year). This rate is fixed twice a year on 1 January and 1 July.

The second rule will always occur if the interest rate is not agreed between the creditor and the debtor.

From a cultural point of view, Finnish debtors are used to paying late payment interest.


In Finland, debt collection costs are chargeable to debtors representing the client’s claim for late payment. From a cultural point of view, Finnish debtors are used to paying debt collection costs.

The Debt Collections Handbook presents a snapshot of Finland's local economic situation and covers the following topics:

  • Legal Prodedures
  • Lawsuit and Costs
  • Insolvency proceedings
  • Timeframe and outcome

To read more about steps and procedures undertaken in the field of debt collection:

Download Debt Collections Handbook Finland now!



The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation, advice or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.