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Purchase of debts

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Cession transactions

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Purchase of debts
Cession transactions

We offer an opportunity to agree on the purchase of debts – cession of claim rights. Cession, for you as a creditor, provides with a quick recovery of funds, avoiding a long and expensive recovery process, as well as frees your balance from receivables, thus allowing you to invest funds for the development of your company's core business.
We will analyze the list of debtors (debt portfolio) you have provided and provide an offer for the debt purchase fee. Upon concluding the cession agreement, all documents confirming the obligation are handed over to us as the assignee (buyer of the debt). Your debtors are informed about the fact of the cession, and then the recovery process is started.

Purchase of debts

In a debt purchase transaction, the creditor is replaced by another person in the relationship with the debtor. Suitable in cases where all the terms of the contract need to be passed on.

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Cession transactions

In an cession transaction, the creditor transfers his claim against the debtor to another person (cessionaire). Suitable in cases where only a claim needs to be submitted.

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We operate in all baltic states

GS Core

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Tallinn

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Customer portal

  • Find out your current debt obligations
  • Manage your repayment schedule
  • Make payments conveniently and safely
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Debt repayment calculator

Get an idea of the different ways to repay your debt

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Debt repayment calculator

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Do you know what your debt consists of?
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Enter the debt amount
Principal amount
Interest and other side claims
Your debt may consist of:
- Principal amount;
- Loan interest;
- Late payment interest;
- Contractual penalty etc.

There are three ways to get paid off debt:

Pay all the debt at once*

The amount to be paid, EUR
0
Principal amount, EUR
0
Side claims, EUR
0
* in some cases, a discount is possible if the entire debt is paid in one payment. To negotiate a possible discount, please contact a GS Core customer service specialist (HERE).
The amount to be paid, EUR
0

Pay the debt in installments**

The amount to be paid, EUR
0
Principal amount, EUR
0
Side claims, EUR
0
** According to Article 1765 of the Civil Law, the debt will increase by 6% per year in relation to the main debt.
The amount to be paid, EUR
0

Pay the debt after the court judgment***

The amount to be paid, EUR
0
Principal amount, EUR
0
Side claims, EUR
0
State fees, EUR
0
Bailiff's expenses, EUR
0
*** The calculation assumes that:
1) the legal process lasts 6-8 months;
2) the claim is satisfied, but the client voluntarily does not comply with the court decision and the court decision is transferred to a sworn bailiff (ZTI);
3) the customer repays the debt within a year after the notification of ZTI on the obligation to fulfill the decision;
4) the remuneration of the office of the ZTI and the costs of execution of the judgment (including VAT) are calculated in accordance with the currently valid regulatory enactments.
The amount to be paid, EUR
0
The calculations of the calculator are informative in nature and are not intended for exact calculation of debt repayment.

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If you would like to contact our customer service specialist, call or write HERE
Debt repayment calculator