GS Core

GS Core buys debts from creditors through debt purchase, where the creditor is replaced by GS Core in its relationship with the debtor, and through receivables assignment (cesija), where only the claim is transferred to GS Core as assignee. After the assignment, GS Core takes over the supporting documents, informs the debtors and starts the recovery process.

Its customers are creditors that hold overdue receivables and want to sell them; they submit a list of debtors and receive an offer for the purchase price. Debtors can view their outstanding debt, manage a repayment schedule and make payments through a client portal, and use a debt repayment calculator to compare payment options such as a lump-sum settlement, instalments of up to 24 months, or payment after a court judgment.

GS Core was founded in 2021 and is registered in Rīga, where it is headquartered. It also has offices in Tallinn and Vilnius and presents itself as operating across the Baltics. Its website is published in Latvian, English and Russian.

Product: Debt purchase and receivables assignment (cesija) services, a debtor client portal and a debt repayment calculator.