Debt collection agencies in Latvia
Thread poster: xxxXX789

xxxXX789  Identity Verified
Netherlands
Local time: 04:38
English to Dutch
+ ...
Apr 20, 2010

A certain client from Riga has serious payment problems. I will send a debt collection agency to them in 7 days or sooner. Does anyone have any recommendations about the strategy to follow in Latvia?

 

Jana Teteris  Identity Verified
United Kingdom
Local time: 03:38
Latvian to English
+ ...
Debt collection Apr 20, 2010

Loek van Kooten wrote:

A certain client from Riga has serious payment problems. I will send a debt collection agency to them in 7 days or sooner. Does anyone have any recommendations about the strategy to follow in Latvia?


Fortunately I never had to make use of a debt collection agency when I lived in Latvia, so am not aware of the procedures that should be followed. As far as I know, the following company is one of the most established debt collection agencies (and their website has information in English!) www.creditreform.lv


 

xxxXX789  Identity Verified
Netherlands
Local time: 04:38
English to Dutch
+ ...
TOPIC STARTER
Excellent Apr 20, 2010

That looks like an excellent company. Thank you very much!

 

Jānis Greivuls
Latvia
Local time: 05:38
Member
English to Latvian
+ ...
creditreform Apr 20, 2010

They just look excellent..... In reality, there are many cases revealing creditreform's unprofessional conduct.......

[Rediģēts plkst. 2010-04-20 21:59 GMT]


 

xxxXX789  Identity Verified
Netherlands
Local time: 04:38
English to Dutch
+ ...
TOPIC STARTER
If you mean... Apr 21, 2010

If you mean that they sometimes accidentally hit the people who owe them money, I really have no problems with that. Defaulters are thiefs.

 

Laurent KRAULAND  Identity Verified
France
Local time: 04:38
French to German
+ ...
Creditreform... Apr 21, 2010

was founded back in 1879 in Mainz. I cannot imagine that such a company can become "unprofessional", especially not for its subsidiaries outside of Germany.

 

Jānis Greivuls
Latvia
Local time: 05:38
Member
English to Latvian
+ ...
A little clarification Apr 21, 2010

Laurent KRAULAND wrote:

was founded back in 1879 in Mainz. I cannot imagine that such a company can become "unprofessional", especially not for its subsidiaries outside of Germany.


Fortunately, I have no experience with Creditreform:))
But there are reports and studies containing negative feedback on the debt collection companies including Creditreform.

You know, in general Latvian business environment is really far from principles of civilized, professional way of business conduct.... So, even foreign players in Latvian market have to adopt the methods close to local reality (remember Daimler corruption scandal).


 

Ilze Jansone
Latvia
Local time: 05:38
German to Latvian
+ ...
... Apr 22, 2010

http://www.coface.lv
http://www.balt-risk.lv/lat/services/inkaso
http://www.inkassolat.lv/
http://www.intrum.lv/


 

Laurens Landkroon  Identity Verified
Local time: 04:38
English to Dutch
+ ...
Any update on this particular thread about debt collectors in Latvia? Oct 10, 2017

Dear colleagues,

I'm currently also looking for ways to collect debt from a company in Latvia;

there are so many debt collecting companies/agencies, and they all seem to charge quite a lot of money for their services; even the ones that offer the so called "no cure no pay" (you usually have to pay some sort of administrative fee or some other excuse for them to get around the "no pay" part...., starting at 100 euro most of the times).
(as with most things in life, "free" is usually not free in hindsight...)

But even this is not an issue, as long as I can get a decent/reputable agency and get my money of course...

So I hope you are able to help me out.

Thanks!

Warm regards,


Laurens.


 


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Debt collection agencies in Latvia

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