The debt collection costs comprise expenses and fees
Expenses are the expenses incurred by the bank from debt collection, such as costs charged by authorities, document fees, copying expenses, and travel and phone expenses. If the bank assigns the debt collection to an agent, such as an attorney, a collection agency or other agent, the fees and expenses charged by the agent are also included in the collection costs. The hourly rates of agents may be higher than the rates of the bank listed below.
A fee is compensation for the work the bank has performed to collect the receivable. The charging basis of a fee is either a fixed price determined separately for each assignment or an hourly rate which is 50–175 euros depending on the type and the difficulty of the task. Below, there is a list of the assignments with a fixed price and of the assignments charged by the hour.
As for the assignments with a fixed price, the bank has, however, the right to charge the actual debt collection costs in cases where the assignment has required more work than usually, thereby producing costs that exceed the fixed price of the assignment.
Legal expenses are composed of expenses and fees, and their amount is determined based on the amount ordered by the court.
|Written payment reminder||5,00 €|
|Letter of acceleration||45,00 €|
|Notice of set-off, per notice||45,00 €|
|Changing the repayment schedule of an accelerated credit (credit principal over 1,000 euros and the new repayment schedule has at least 5 instalments)||50,00 €|
|First collection negotiation to reach a voluntary settlement||free of charge|
|Other negotiation||hourly rate|
|Converting security into money||Price|
|Written notice of foreclosure (Chapter 10, section 2 of the Finnish Code of Commerce to pledge owner, holder of secondary pledge, tenant or other usufructuary, charge per notice.||45,00 €|
|Request for enforcement of a court decision and advance payment of compulsory auction to execution officer||45,00 €|
|Drawing up an agreement on the sales assignment with a real estate agent, securities trader or similar||110,00 €|
|Notice of the date and manner of conversion of pledges to pledge owner, holder of secondary pledge and lessee, per notice||45,00 €|
|Commitment on payment of maintenance charges||45,00 €|
|Claim on payment of the return on the pledge to pledge holder||45,00 €|
|Payment of surplus pledge accrual to another pledge holder, per payment||45,00 €|
|Other assignment||hourly rate|
|Receiving summons and registering the matter||45,00 €|
|Notice of intent to appeal the decision of a lower court||110,00 €|
Drafting a limited application for summons. Based on the Finnish Ministry of Justice’s decree on the amount of legal expenses (1311/2001)
|196,00 - 246,00 €|
|Application for a precautionary measure||hourly rate|
|Examining the matter||hourly rate|
|Drafting an extended application for summons||hourly rate|
|Drafting a written pleading (reply, supplement, statement, complaint)||hourly rate|
|Examining trial material and preparing for a court session||hourly rate|
|Pleading in a court of law||hourly rate|
|Document, certificate and calculation||Price|
|Acquiring a document from a third party||35,00 €|
|Drafting of a document other than an IT systems printout or a document with a fixed fee||hourly rate|