Information for debtors
Each debtor is inserted into the
public database of debtors.
What shall I do if I do not have funds to repay my debt?
We are always able to find a solution for you. All you need is to
contact us as soon as possible. We will advice you how to address
your situation, one of the possibilities is preparing a debt
repayment schedule.
How can I contact you?
The best way is to contact us by phone. Be prepared that we will ask
you some questions to verify the identity of the caller, which is
necessary for personal data protection. We need to make sure that we
are actually speaking to the debtor.
Another option is to contact us by e-mail. This communication is
easy and fast. Please, send your e-mails to
info@personalgroup.cz
Why is it important to pay the due amount as soon as possible?
Payment of amounts due on the date specified in a collection demand
letter can lead to significant financial savings, as costs of court
collection often exceed the actual due amount. This is especially
true for smaller claims, when the due amount is several thousand
crowns.
What happens if I do not pay the due amount?
If the debtor fails to pay the amount due on the date specified in
the collection demand letter, the creditor is forced to resort to
judicial collection. This requires financial and time investment
because the debt is continuously increasing due to the default
interest and incurred legal costs.
When can creditors levy execution?
If the debtor fails to pay a debt after receiving a final judicial
decision under which he/she is obliged to repay the debt, the
creditor can levy execution against the debtor.