Frequently asked questions

Your previous creditor has assigned your debts, thus the right to repay the debt has been transferred to SIA GS Core.

Your creditor has entered into a cooperation agreement and authorized SIA GS Core to represent his interests, thus further debt recovery is performed by SIA GS Core.

We appreciate the concern of the debtor by applying to us in order to ask questions and solve the issue.
It is important to contact us as soon as possible upon a receipt of a warning letter, since a delay or avoidance of debt payment will damage the credit history and the amount of the debt will continue to grow according to the terms of your agreement and regulatory enactments.
The contact information (phone number and e-mail address) and working hours of the debt recovery specialist responsible for your case are specified in the letter.
You may also call 67895910 (on weekdays from 8:00 to 21:00) or write to [email protected] for any questions.
For discussing the questions in person, you are welcome to visit us at the main office in Riga, Cēsu iela 31 K3.

The debt can be paid at:

  • Any commercial bank in Latvia;
  • Post offices of Latvia (a possible delay of the payment to our bank account has to be taken into account);
  • Your Internet bank (the customers of AS Swedbank are asked to use the defined payment).
  • The payment should be made to the account specified in the warning letter of SIA GS Core or to the current account of AS Swedbank AS Swedbank, LV03HABA0551050757153.

The debt recovery case number is a 6-digit identifier, which allows identifying the specific case of debt recovery. The number of the debt recovery case is also specified in letters.

We issue confirmations only to debtors whose creditor is SIA GS Core. The issue of confirmation is a paid service of EUR 10.00 (including VAT). Once the payment for the service has been made, a written statement is sent to your address verifying the extinguishment of the debt and that there are no claims of a material nature against you.

  • The debt must be paid within 30 days after the date of dispatch of the letter, if you do not contest the existence and the amount of the debt, and timely payment of the entire amount is possible.
  • We ask you to contact us immediately for discussion of the fulfilment of obligations, if you do not contest the existence and the amount of the debt, but timely payment of the entire amount is not possible.
  • If you disagree with the existence or the amount of the debt, a reasonable claim with the copies of specific documents must be submitted within 21 days after the receipt of the letter.

Yes, the debt may be paid by instalments by previously arranging it with the debt recovery specialist responsible for your debt; however, we ask you to evaluate the possibilities to pay the debt within the shortest period possible since payment by instalments may increase the costs of debt management and the penalty and interest identified in your agreement.

In this case, we urge you not to ignore our letters and calls, but to send us a written application with substantiated claims immediately, enclosing copies of documents confirming the existence of the debt to a lesser extent or not at all.

We ask you to carefully evaluate the possibilities for settlement of debt commitments and avoidance of further problems before making such a decision.
In case of failure to pay the debt, the following is to be taken into account:

  • A possible increase in the amount of penalty;
  • A possible increase in the interest;
  • The data on your debt commitments may be included into the Credit Register of the Bank of Latvia;
  • The data on your debt commitments may be included into the database of debt history of SIA GS Core;
  • Judicial recovery of debts may be initiated.

The data are placed in the database on the 36th day after the dispatch of the first warning letter, if the debtor has failed to make a full payment or express reasonable objections in writing.

The Civil Law regulates the process of selling the right to claim or cession. In the process of cession, the right to claim the debt is purchased, resulting in the change of the debtor’s creditor. The new creditor is entitled to demand the debtor to fulfil all the debt commitments arising from the agreement with the previous creditor.

Pursuant to Section 6 of the Law on Extrajudicial Recovery of Debt, the debtor has a duty to reimburse the expenses of debt management.


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