Top-Rated Debt Collection Agency in Estonia
Fast and reliable debt collection in Estonia - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.
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Recovering your debt in Estonia is made simple.
Debitura specializes in Estonian debt collection, providing a diverse range of services including accounts receivable management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. Our team of experienced professionals leverages their knowledge of debt recovery laws and regulations in Estonia to deliver efficient and effective solutions that enable businesses to recoup outstanding debts.
We provide committed assistance throughout the entire process.
Tailored debt recovery plan.
We have more than 500 professionals who specialize in global debt recovery.
We have a high success rate of 87% at the most affordable cost.
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Julianus Inkasso is a collection company founded on Estonian capital that has provided industry-leading debt collection services in the Baltics for nearly three decades. We specialize in domestic and international extrajudicial and judicial debt collection.
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The ultimate guide about debt collection in Estonia
If you have money that you are owed from a business or customer in Estonia, then this is the right place for you! We have helped many other businesses get their money back that they were owed.
Collecting a debt in Estonia can seem hard. Language and cultural differences, foreign laws and customs, and being far away all create serious challenges.
If you use a collection agency that knows the laws and customs of the country where the person who owes you money lives, it will be easier to get your money back.
At Debitura, we always put people first. This means that we try to get your money back while still keeping a good relationship with the person who owes you money. Our public relations efforts are always fair but firm-ensuring that your reputation is our top priority! If you want to learn more about how to collect debt yourself in Estonia, keep reading this guide. If you would rather work with a local law firm that specializes in debt recovery in Estonia, we can help you with that too.
At Debitura, we make it easy for you to collect your debt in Estonia and 192 other countries. To get started, upload your claim today. We will review your case and provide you with 3 free quotes from local debt collection lawyers in Estonia within 24 hours. We use both people and technology to get the results you need. We have a network of people who can help with different parts of the process, like collecting debts or talking to lawyers. We value all of these relationships because they help us get the job done.
Upload claim
Begin your debt collection process in Estonia today with no cost. Simply make a free profile and submit your case, all within 2 minutes.
Pre-legal
During the first 3 months, we will use our effective pre-legal recovery method to try and collect your debt. Our approach is risk-free - we work on a no-cure-no-pay basis.
Legal
If your claim remains unpaid in the pre-legal phase, we'll furnish you with three estimates from our nearby debt collection lawyers.
24/7 updates
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Estonia
Do you have a hard time getting people to pay you back for things in Estonia? Do not worry; we will help you get paid by your Estonian customers.
When people owe money in Estonia, the person who owes the money is called "the debtor." The person who gave them the money or invoice is called "the creditor." If the original creditor collects the debt himself, this is called "first-party collection." If the creditor outsources the collection process to a third party, this is called "third-party collections."
The debt collection process in Estonia
The debt collection process in Estonia usually has several steps. The image below explains our standard process for collecting debt in Estonia:
1 Upload your claim:
If you want someone to help you recover your debt, you will need to find a company that does this. Upload your claim onto their website. If you use Debitura, we will give you 3 quotes from different companies that help with debt in the European country where your case is. This is free and there is no catch.
2 Amicable collection:
The collection process typically begins with a "campaign" of friendly reminders sent to your debtor via email, SMS, letter and all other available communication channels in the specific country. The goal is to get the debtor to pay or acknowledge the debt and start a payment plan. With Debitura, you only pay a small success fee if we recover your debt, so it is 100% risk-free!
3 Evaluation:
If you have not received payment from the debtor after the amicable phase, it is time to evaluate the next steps. We will look at the size of your claim, the probability of payment, and other factors to help you decide what to do next. There are three typical next steps:
A Surveillance:
If your claim is less than 2.000-5000 Euros, it is often not worth it to take more legal steps. In this case, we recommend "debt surveillance." This means that we will keep trying to reach out to the person you owe money to and try to negotiate a friendly agreement.
B: Legal collections:
It's a good idea to start a legal process if you want to make a big claim. The way you do it depends on what kind of claim you are making and how big it is. Usually, it takes about a year and a half for the whole process to be done.
C: Debt enforcement:
If the person you are owed money from has said that they will pay you, or if there is a court order, you can go to the bailiff's court to get your money.
At Debitura, we can help you with all three steps in Estonia.
Amicable collection in Estonia
At Debitura, we offer a risk-free and efficient process for Amicable collections. You can submit your claim, and we will start working on it within 24 hours.
We will contact your debtor through all channels available in Estonia, which may include email, text message, letters, phone calls, and social media.
The goal of this process is to either:
A) Get the debtor to pay the full amount
B) Get the debtor to agree that they owe the money and start a plan to pay it back
If the person you are trying to get money from has said that they do not owe you money, you cannot try to resolve this issue without going through the legal process.
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Get started with
amicable debt collection
Upload your claim and get started with our 100% no-cure-no-pay collection solution.
Legal collection in Estonia
If we have not been able to pay your claim during the amicable phase or the debtor disputes your claim, we will provide you with 3 free quotes from our local debt collection attorneys. In the legal phase, our local attorney will reach out to your debtor and try to negotiate a payment. Our partners can also go to court and get a payment order via the legal system in Estonia. This payment order can then be used to enforce your claim via enforcement court.
The amount you pay for a lawyer depends on how difficult your case is and how big it is. To get the best price, ask several lawyers for their prices so you can compare them. You can do this easily by using Debitura.
Get started with
legal debt collection
Upload your claim and get 3 FREE quotes from our local collection partners.
Debt enforcement in Estonia
If you have written proof that the person you are owed money from, or a court order, you can go to the bailiff's court in Estonia to get your money.
The process and how much it will cost varies depending on your situation. You can upload your case to Debitura. They will give you 3 quotes for your claim within 24 hours.
Get started with
debt enforcement
Upload your claim and get 3 FREE quotes from our local collection partners.
European Late Payment Directive in Estonia
Estonia is part of the European Union (EU), which means that the Directive 2011/7/EU on combating late payments across Europe in commercial transactions applies to Estonia.
The main parts of the directive are:
- Public authorities cannot require terms of payment that are longer than 30 days.
- Private companies cannot require payment terms of more than 60 days.
- If the person you owe money to is a business, you can charge them a fee of €40 for late payment.
- If you are late on a payment, the interest rate must be at least 8% higher than the European Central Banks reference rate.
The Danish government is part of the EU. This means that they cannot make rules that are less favorable for creditors than the EEU-wide rules.
Our analysis concludes that the risk of running a business in Estonia is low. Based on this low score, You can feel reasonably confident that you will be able to get paid when trading with customers in Estonia. Nonetheless, we always recommend doing a specific credit analysis on an individual customer basis before offering any credit. The low risk score is based on the following factors:
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The economic risk in Estonia
Our conclusion based on the economic risk factors, is that the economic risk in Estonia is very low (1 out of 6). An economic risk of 1 out of 6 is low in Europe.
GDP and economic growth are critical drivers for economic risk.
The GDP of Estonia is 36,26 bn. USD (2021), growing by 8,35% per year.
In terms of the size of its economy, Estonia ranks #94 out of 183 countries and has a medium-sized economy.
In terms of growth rate, it is ranked #29 out of 183 countries and is therefore considered a fast-growing economy.
GDP per capita is 27281 USD, ranking Estonia number #35 out of 183 countries. The result of this is purchasing power of citizens in Estonia is high compared to the rest of the world.
You get a more detailed idea of GDP and economic growth in Estonia in the table below:
Another significant influencer for the economic risk score is the inflation rate and the interest rates. You get a more detailed idea of monetary KPIs in Estonia in the table below:
The inflation in Estonia was 4,7% in 2021 which is considered a medium inflation rate.
The business environment risk in Estonia
Our analysis shows that the business environment risk in Estonia is very low (1 out of 6), which is a relatively low risk score in Europe.
The business environment risk are determined by the level of economic freedom and rights in a country. Take a look at the important facts for Estonia in the table below:
In the above table, you can see, the property rights index is 82 in Estonia, which is considered quite good in Europe.
The business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study. The Index is 73 in Estonia, a quite average score for a country in Europe.
Estonia's overall economic freedom index is 78 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.
The political risk in Estonia
The political risk in Estonia is very low, with a score of 1/6. This is a low political risk score in Europe.
The governance and political stability indicators are important drivers for political risk. An overview of Estonia can be seen in the data below:
The rule of law index analyses to which extent agents have confidence in and abide by the rules of society, in particular the quality of contract enforcement, property rights, the quality of the courts, and the police's ability to enforce court orders.
When trading with businesses in a country, the rule of law index is critical as it describes your ability to enforce commercial contracts.
In Estonia, the rule of law index is at 1,43 points, with the score going from -2.5 (weak) to 2.5 (strong). Estonia has, therefore, a very high rule of law index, which means you have a very good chance of enforcing your contracts. If your individual customers have good creditworthiness, you should therefore feel relatively safe when providing credit.
Other drivers for the very low political risks are the strong control of corruption, the average political stability index, and the normal shadow economy that is 18,49% of Estonia's GDP.
The commercial risk in Estonia
In Estonia, the commercial risk score is 4/4, which in our model is a high score. This high commercial risk score is high compared to the average in Europe.
The commercial risk is impacted by a country's international trade relationships. You can see some of the key facts for Estonia in the table below:
Estonia has a total of foreign exchange reserves of 2.37 bn. USD.
Estonia has a positive trade balance of 0,26% of GDP. This means that Estonia imports fewer goods and services than the country exports.
The annual growth of exports of goods and services has been growing 19,83% annually - now 80,52% of GDP. Import of goods and services represents 80,26% of the GDP in Estonia.
The financing risk in Estonia
We have calculated the financing risk to be 1/4, which equals a very low risk. A very low financing risk score is relatively low for countries in Europe.
The country's banking system, efficiency, and stability influence the financing risk. You can find the critical facts for Estonia in the table below:
In Estonia, the credit information sharing index is 7 on a scale from 0 (low) to 8 (high). The result of this is accessibility and quality of credit information available in Estonia is medium-high.
This makes it easy for you to understand the credit risk of your counterpart in Estonia. You should therefore be able to find a good local credit rating agency that can help you analyse the creditworthiness of your specific customers.
Your rights as a creditor are 7 out of 12 and, therefore, medium.
Debt Collection in Estonia: Frequently Asked Questions (FAQ)
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Debt collection in Estonia typically involves first-party collection or third-party collections. The process usually starts with amicable collection, whereby reminders are sent to the debtor. If no payment is received, the next steps may include debt surveillance, legal collections, or debt enforcement. Debitura can help with all three steps in Estonia and offers a free service to upload your claim and receive quotes from different debt collection companies.
The debt collection process in Estonia involves pre-legal collection, legal debt collection, and debt enforcement. The process begins by uploading your claim onto a debt collection company's website like Debitura. The company will start with friendly reminders to the debtor and negotiate a friendly settlement if possible. If not, the next steps could be debt surveillance, legal collections, or debt enforcement. With Debitura, you can get help with all three steps in Estonia.
In Estonia, if a debt is disputed, a civil lawsuit is required. Legal options for debt collection include debt enforcement and insolvency proceedings. Local lawyers are necessary for legal actions. Our website can provide you with three free quotes from local debt collection attorneys to help negotiate payment or obtain a payment order through the legal system in Estonia. The cost of a lawyer depends on the case's complexity and size. Use our website to easily compare prices from multiple lawyers.
Debt collection costs in Estonia depend on your specific case and desired actions. Debitura offers a no-cure-no-pay model for pre-legal collection with a success fee of 10-20%. For legal actions, prices vary. Debitura can provide you with 3 quotes from the best debt collection lawyers in Estonia.
The length of debt collection in Estonia depends on the debtor and the specifics of the case. If the matter is resolved in the pre-legal phase, it can take 3-6 months. However, if legal action is required, it can take 12-18 months to collect the debt. It's important to work with a knowledgeable debt collection agency who can help determine the best course of action for your specific case.
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