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    How much can a payment reminder cost in Finland?

    Limits on reminder and collection fees for consumers.

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    Short answer

    Under the Finnish Debt Collection Act, a written payment reminder sent to a consumer may cost at most 5 euros. The Federation of Finnish Enterprises explains that a reminder can be sent when the payment is 14 days late. If the bill is still unpaid, a collection letter can follow 14 days after the reminder. Late payment interest is charged in addition to the fees.

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    Why

    1. The Federation of Finnish Enterprises states the 5 euro limit for consumer reminders.
    2. Minilex explains that the first paid reminder can be sent 14 days after the due date.
    3. Business debtors can be charged up to 12 euros for a reminder.

    Details

    If you dispute a bill, tell the creditor in writing before the due date.

    Tip

    Unpaid bills can lead to a payment default entry. Contact the creditor early if you cannot pay.

    What may differ

    Fees for collection letters depend on the size of the debt and who collects it.

    Common misconception

    A company can charge whatever reminder fee it puts in its terms.

    What actually happens

    For consumers, the law caps a written reminder at 5 euros.

    People also ask

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    Sources

    This answer is for reference only. Consumer rules can change and cases differ, so check KKV or the Consumer Advisory Services.

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