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Expert Debt Collection in Iceland

Paja Debt provides targeted debt recovery solutions designed specifically for the Icelandic market. Our specialists understand Icelandic debt collection laws, business culture, and recovery procedures to maximize your chances of successful debt recovery.

Need Assistance with Unpaid Icelandic Invoices?

We Can Help

No Cost. No Obligation. 100% Confidential.

40+
Years Trading. Incorporated 2025
50+
European Countries Covered
4,500+
Satisfied Debt Collection Clients
150,000
European B2B Invoices Collected

Why You Need Professionals for Debt Recovery in Iceland

Recovering commercial debts in Iceland requires expertise in local business practices and legal frameworks. Our team of Icelandic debt recovery specialists brings this essential knowledge to every case we handle.

 

Our extensive experience in recovering business debts throughout Iceland has equipped us with insights into effective recovery strategies tailored to Iceland's unique commercial environment, from Reykjavík and Kópavogur to Akureyri and Hafnarfjörðu.


As part of our comprehensive European debt recovery network, we apply our collective expertise on Icelandic debt collection regulations, including the Icelandic Collections Act (Innheimtulög) and other relevant legislation that governs debt recovery procedures in Iceland to ensure the best results in debt recovery.

Iceland Experts

We have long standing legal and debt collection partners in Iceland meaning we can action your unpaid B2B claim wherever your debtor is domiciled.

The Local Collection Experts

Full Legal Coverage

With access to a small army of experienced and proven commercial litigation advocates we can help you to litigate and then enforce a claim in Iceland.

Fully Qualified Attorneys

Five Star Services

We have been in the business of collecting overdue B2B invoices in Iceland since 1984 and we have over 350 five star reviews across Google and TrustPilot.

40+ Years of Excellence

Direct Debtor Payments

Unlike some other debt collection companies we do not demand payment of your money into our bank account.

 

All Icelandic debtors are instructed to make payment direct to the creditor in all cases we handle.

Payment To You - Not To Us

No Advance Fees

We don't require any payment in advance for ongoing account receivables collection and we don't charge any up-front fees for undisputed one-off debt collection claims in Iceland.

One-Off or Ongoing Debt Placements

No Abortive Charges

No business wants to be invoiced for a service they haven't received. We don't charge any administration fees or abortive charges in any unsuccessful Icelandic debt collection cases we handle.

Simple and Affordable Pricing

No Binding Contract

We don't demand you sign a binding, fixed term contract or pay an annual subscription in order to work with us, be that for a one-off debt collection matter or for on-going export account recovery.

No Binding Fixed Term Agreement

Start Recovering Your Debt In Iceland Today!

Don't let your client's location prevent you from receiving what you're owed.

 

Contact Paja Debt for a free, no-obligation consultation and let us handle your debt collection in Iceland today.

Our Debt Collection Approach for Iceland

Our approach to debt recovery is optimized for Icelandic business customs and legal requirements. Here's how we tackle debtors in Iceland:

Icelandic Case Analysis

We provide a complimentary, no-obligation assessment of your Icelandic debt claim in collaboration with our expert in Iceland. 

We'll provide a transparent fee quote after comprehensively evaluating your claim's complexity and recovery prospects.

Debtor Communication

Our trained Icelandic agent initiates the recovery process with formal payment demands, phone calls, emails, and other communication strategies specifically based on our past experiences collecting and recovering debts in Iceland.

Legal Process

When necessary, we can elevate your debt collection claim through Iceland's legal system. We use our network of legal consultants who specialize in Icelandic debt collection law, including potential action through the Icelandic District Courts (Héraðsdómur).

Enforcement

If your debtor refuses to comply with legal judgments, we can implement enforcement measures targeting the debtor's Icelandic assets. At every stage of the process, we strictly act in accordance with local enforcement regulations and the Enforcement Act (Lög um aðför).

Successful Recovery & Invoice Payment

Once the debt is collected and paid by the debtor to your nominated bank account, we promptly raise an invoice for the fee due on these recovered funds that now sit safely in your account. Our transparent reporting system keeps you updated throughout the process of collecting your money from your international debtor.

Frequently Asked Questions About Debt Recovery in Iceland

Got more questions about how we maintain a high debt recovery rate? Here are a few questions our clients usually have for us.
What's the process after I submit my case information?We'll assign a debt recovery specialist with expertise in Icelandic legislation (never a sales representative) to analyze your claim thoroughly.

To complete our assessment, we'll request relevant documentation such as invoices, contracts, and correspondence, which we'll use to consult with our Icelandic partners to determine the optimal approach to deal with your claim in Iceland.
Is there a charge for reviewing my Icelandic debt case?We will review your debt claim entirely free of charge, with no obligation on your part to proceed further.
Can you collect in every region of Iceland?Yes we can. Wherever in Iceland your client is based we have a local debt collection partner that can pursue them for the payment owed.
What do you need to start a debt collection case in Iceland?We need a copy of the contract, agreement or order and copy invoices in the correct legal name of your debtor along with their contact details to open a debt collection claim.
What is the cost of debt collection in Iceland?We don't have a one-size-fits-all approach to pricing and the fee payable on successful recovery varies depending on the age of the invoices, amount outstanding and general case specifics.

Please contact us for a bespoke debt collection quote from our local partner.
If I place this claim with you, am I obligated to spend any money?No, you are not obligated to spend extra money.

We may recommend a course of action, such as the issue of court proceedings,but you’ll have the final say about these decisions with complete transparency.
Do you have any concealed or abortive charges?Absolutely not.

We agree to a straightforward fee structure at the beginning of the claim process and do not impose any hidden fees, administrative charges, or additional "success" costs beyond what we clearly outline.

Please note that our service does not include covering any of your legal or other expenses if you decide to proceed with court action.
What factors do you consider when approaching debt collection in Iceland?Iceland has specific legal frameworks governing debt collection, including the Collections Act (Innheimtulög) and related regulations. These laws establish clear procedures for debt collection activities and set limitations on collection practices. Our specialists have extensive experience with these regulations and understand how they impact effective recovery strategies.
Does Icelandic law favor creditors or debtors?Icelandic law maintains a balance between protecting debtors from unfair practices while providing creditors with effective pathways to recover legitimate debts. The system is well-regulated with clear procedures for amicable collection and legal enforcement.

What Our Clients Say About Our Icelandic Debt Recovery Services

Our track record for successful debt recovery in Iceland is reflected in the experiences of our satisfied clients.

FREE Icelandic Debt Recovery Assessment

Submit your case details through our straightforward online form, and we'll connect you with an Iceland-focused debt recovery specialist who will evaluate your claim without any charge or obligation.

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Specialized European Debt Collection Services by Country

Our vast network of debt recovery experts includes professionals who exclusively operate in specific countries across the globe, having full understanding of local laws and regulations.

Our dedicated Icelandic debt recovery network includes professionals who operate exclusively within Iceland.

With comprehensive knowledge of Icelandic debt collection frameworks, including the Collections Act (Innheimtulög) and relevant case law, our experts effectively navigate the complexities of debt recovery in Reykjavík and throughout all Icelandic regions.

Below are more of the European countries we operate in, along with the names of our partners and the type of firm that will action your European debt claim.

  • Denmark Debt Recovery
  • Agent Name: Charlotte
  • Type of Firm: Debt Collection Agency
  • Length of Service: 20+ years
  • Jersey Debt Recovery
  • Agent Name: Margaret
  • Type of Firm: Debt Collection Agency
  • Length of Service: 3+ years
  • Norway Debt Recovery
  • Agent Name: Victoria
  • Type of Firm: Debt Collection Agency
  • Length of Service: 20+ years
  • Sweden Debt Recovery
  • Agent Name: Nils
  • Type of Firm: Debt Collection Agency
  • Length of Service: 20+ years
  • Iceland Debt Recovery
  • Agent Name: Steffen
  • Type of Firm: Debt Collection Agency
  • Length of Service: 20+ years
  • Italy Debt Recovery
  • Agent Name: Daniela
  • Type of Firm: Commercial Law Firm
  • Length of Service: 25+ years
  • Turkey Debt Recovery
  • Agent Name: Ibrahim
  • Type of Firm: Debt Collection Agency
  • Length of Service: 12+ years

B2B Debt Collection in the UK and Internationally Since 1984

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