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    How much can debt collection cost a consumer in Finland?

    Statutory maximum fees for consumer debts.

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    Short answer

    Finnish law caps collection costs for consumer debts. According to KKV, a first payment demand may cost at most 14 euros if the debt is 100 euros or less, 24 euros if it is 100 to 1,000 euros, and 50 euros above that. A second demand may cost half of that. Total collection costs are capped at 60, 120 or 210 euros by debt size. A demand may be sent only 14 days after a reminder. Late payment interest comes on top.

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    Why

    1. KKV lists the first demand caps of 14, 24 and 50 euros.
    2. KKV gives total cost caps of 60, 120 and 210 euros.
    3. A demand may follow a reminder only after 14 days.

    Details

    If the creditor and the collection agency belong to the same group, a payment demand may cost at most 5 euros. Costs above the caps need special grounds and must be explained to you.

    Tip

    Check every collection letter against the KKV table. If the fees are higher, ask for an itemised explanation.

    What may differ

    Different caps apply to debts between businesses.

    Common misconception

    A collection agency can charge whatever it wants.

    What actually happens

    For consumer debts, both single fees and total costs are capped by law.

    People also ask

    • How much can a payment reminder cost in Finland?
    • What is the penalty interest rate in Finland?
    • How long before a debt expires in Finland?

    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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