Only 0.6% of debts are paid in cash

Approx. the half percent of debts arrives in cash, post while post cheque payments decreased from 60% to 55% in 2017. The share of bank transfers is more than 50% in Budapest, Zala and Csongrád counties – according to the research of EOS Group.

One of the leading receivables management group, EOS Group analyzed several hundred-thousand unsecured claims, which were managed in 2017 in Hungary. Results show that Budapest is the only city, where cash payments pass 3% mark, every other county is below 1% in this payment method. The share of bank transfers increased from 37% to 42% last year, resulted in the decrease of post cheque payments (60% to 55%).

Regarding the prioritization of the different kind of debts, bank debts are the first, then telco debts, and at last other public services get paid. “Smartphones and internet access got so important and deeply embedded in the society that in several cases these services are most important to debtors than basic public services. This trend is clearly visible by the age group of 20-40 years” – says Marianna Agárdi, director of unsecured collection directorate at EOS Faktor Zrt.

It is important to mention, that the later the repayment starts the bigger the charges became. 

In case of a 100 000 HUF bank debt, which has a yearly default interest of 10%, the following costs will appear after one year of latency:

+ 10 000,- default interest

+ 5 000,- the cost of the payment order

+ 5 000,- law cost of the payment order

+ 5 000,- the cost of bailiff

+ 4 000,- law cost of bailiff

+ 16 800,- bailiff commission

+ 8 500,- cost of on-site execution

Total: 154 300 HUF, which is 50% more than the original claim.

It is our common interest to get the debts repaid as easy as possible – in an acceptable way for both parties. As we can say in the example mentioned, latency might be expensive, so we suggest to get in contact with the owner of the debt as soon as possible. A receivables management company has more flexibility in the field of making the payments possible – for example, has the opportunity to provide an installment based on the possibilities of the debtor” – emphasized Marianna Agárdi.


Cookie Settings

We use cookies on our website to enable you to have the best possible website visit. These include cookies that are necessary for the operation of the website, those that are only used for anonymous statistical purposes, cookies that are used for comfort settings and cookies that are used to provide you with personalized, interest-based content. You can decide yourself whether you want to allow the use of statistics, comfort, and marketing cookies. In addition, you can change/withdraw your consent at any time by clicking on the Change Cookies settings on the bottom of the website. Further information can be found in our Privacy Policy.


We use necessary cookies. These cookies are necessary for the operation and the basic functions of the website. In particular, they enable the security-relevant functioning of our website.
You can read about which cookies we use here.


If you allow comfort cookies, we can make use of our site easier for you. If you visit our website again to use our services, it will automatically be recognized that you already visited us and the entries and settings you made will automatically be recognized so that you do not have to enter them again. For example, through this, you will not have to reenter your user data every time, but rather you can access the data already entered when you visit the website again.
You can read about which cookies we use here


We use statistical cookies to improve our offering and ensure a needs-based design and the continuous optimization of our website. 
For this, we collect anonymized data for statistics and analytics, for example, to determine site traffic and user behavior and to adapt and improve our content and the website experience. 
You can read about which cookies we use here


We use marketing cookies so that we can provide you with relevant and interest-based content when you visit our website.  
You can read about which cookies we use here.