What you may lawfully add on top
Fees, interest and costs
Reminder fee, compensation fee, collection fee and default interest. Here are the rates, the conditions and the statutory provisions they rest on.
The process
The whole dictionaryApplies all the way through
Fees, interest and costs is not a step in a case. It applies from the invoice to the bailiff’s court.
The concepts
13 conceptsThe concepts in this theme
Each entry is one page: the definition, the rate and the rule behind it.
- Collection fee (inkassosalær)The collection fee is the out-of-court recovery costs the debtor must pay when a claim is handed over for collection — the amount depends on the size of the principal.The size of the principaldepends on
- Compensation fee (kompensationsgebyr)The compensation fee is a fixed amount of 310 kr. that a business creditor may claim from a business debtor on late payment.310 kr.amount
- Compound interest (renters rente)Compound interest is interest charged on interest that has already accrued — and it cannot be claimed on a monetary claim without an agreement made afterwards.Cannot be claimedgeneral rule
- Court appearance and legal costs (møde- og advokatomkostninger)These are the costs triggered when a case requires someone to appear — in the bailiff's court or before the ordinary courts.Appearing in courttriggered by
- Court fee (retsafgift)The court fee is the fee paid to the courts for hearing a case — and it can be claimed back from the debtor.The creditor — up frontpaid by
- Default interest (morarente)Default interest is the interest that runs on an overdue claim — as a starting point, Nationalbanken's lending rate plus 8 percentage points.+ 8 percentage pointsmargin
- Formal demand fee (påkravsgebyr)The formal demand fee is the fee that can be added to the formal demand letter — on the same terms as a reminder fee.100 kr.amount
- Legal costs (sagsomkostninger)Legal costs are the costs of court proceedings, which the losing party is typically ordered to pay to the other side.The losing partyborne by
- Litigation interest (procesrente)Procesrente is the interest that accrues on the claim from the commencement of proceedings and is awarded by the judgment.Same as default interestrate
- Recovery of collection costs (omkostningsdækning)This is the question of how much of the bill for collecting the claim the creditor can pass on to the debtor.A valid formal demandpresupposes
- Reminder fee (rykkergebyr)A reminder fee is the amount a creditor may add to the claim for each reminder letter — no more than 100 kr. per reminder, and for no more than three reminders.100 kr.per reminder
- Statement of interest (rentenota)A statement of interest shows how the interest on a claim has been calculated — period by period, with the rate and the amount.Period, rate and amountshows
- The statutory interest rate (rentesats efter renteloven)The statutory rate under Renteloven is the Danish central bank's lending rate plus 8 percentage points, and it is set twice a year.Reference rate + 8 percentage pointsrate
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Other themes in the dictionary
The 6 steps of the process are above. Here are the other cross-cutting themes.