Australian Mercantile Collections

Private collection agencies being mulled for recouping EFKA dues

Private collection agencies being mulled for recouping EFKA dues

The Single Social Security Entity (EFKA) could collect an extra 4 billion euros from large debtors as well as from debts that increase disproportionately due to very high additional fees and surcharges, if the appropriate mechanism were in place.

Already, the Social Security Debt Collection Center (KEAO) collects around €1-1.5 billion annually through arrangements and compulsory collection measures despite it being short-staffed.

Although the main debts have been decreasing recently,…

View the full article to continue reading…