Sometimes, situations arise where financing companies must resort to the repossession of a customer’s movable property. We are the market leader in repossession services and settlement application management in Finland.
Finland’s Most Efficient Repossession Service for Businesses
Our repossession team has decades of experience in the industry and an extensive Nordic contact network. Thanks to our expertise, we can provide your company with the most efficient repossession service in Finland.
Service Objective
Our primary goal is for the customer to pay their overdue receivable. In nearly half of the cases, we reach an agreement with the customer, resolving the situation without the need for repossession of movable property.
Locating and Retrieving Movable Property
If, despite our efforts, retrieving the property remains the only option, we utilize our repossession team’s contact network and professional expertise to locate it.
Most often, the property is recovered within the EU. However, depending on the type and value of the asset, we can also retrieve it from other parts of Europe. We bring the repossessed property back to Finland and hand it over to the client as agreed.
If necessary, we request official assistance from authorities to recover the property.
Settlement Application and Installment Sales Act Settlement
We submit a settlement application to the enforcement office on your behalf to carry out a settlement under the Installment Sales Act and to prepare the settlement report. We act as your company’s representative in the settlement process and provide an appraisal of the movable property’s value to the district bailiff.
Collection of Settlement Reports
If there is still an outstanding amount after the settlement under the Installment Sales Act, the remaining receivable can be collected either voluntarily or through enforcement based on the settlement report.
