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Debt collector inundated with work

Mar 19, 2008
From wire reports

RIGA - Latvia's debt collection company has seen a sharp increase in the number of debt collection cases in the first two months of the year. The number of cases submitted for debt collection increased by 50 percent year-on-year, signifying that more people are running into problems meeting loan repayment and other payments, Maris Baidekalns, the board member of Creditreform Latvia. In all, Creditreform Latvija has taken over more than 125,000 cases of delayed payments, Baidekalns told the ...

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