Consequences of having debt
It is important that you understand what it means when we are forced to add the payment debt information to the Public Credit Registry and recover the debt through the court and Bailiffs:
- Publishing payment default data in the Public Credit Registry means additional costs, which can be avoided if you make a payment in time. Please refer to the fees page to learn more.
- The information on your payment default will be available to banks, consumer finance companies, mobile operators, and other companies selling goods and services on credit. Such negative information is likely to hinder the customer’s chances of getting loans and buying goods or services on credit for a number of years to come. The information will be available to other companies for 5 years after the debt has been cleared.
- If we are forced to turn to a court and the court decides that you must repay the debt, you also have to pay court fees. We also will turn to bailiff for enforcement proceedings. Bailiffs have the right to seize your accounts, assets and income.
The debtor bears full responsibility for all the expenses in regards to the legal recovery, which may increase the debt amount substantially. It is very important that you find the possibility to repay your debts before we are forced to turn to the courts.