.jpg?w=1920&resize=1920,1267&ssl=1 "Debt this Christmas? You can do that in order to have enough money")
It’s getting closer to Christmas and with that the expenses usually tend to increase when everything from Christmas presents and decorations to food has to be purchased.
As the darkest month of the year approaches, more and more Swedes also tend to find it difficult to get enough money during Christmas.
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Every third family takes out a loan to celebrate Christmas
In a survey carried out by Nordnet Bank, it appears that every third family with young children borrows money to celebrate Christmas. As more and more people borrow money, the risk of getting into debt and eventually ending up with the Bailiff also increases.
The bank’s private economist writes in a press release Frida Bratt that many who have children may find themselves in a phase where the economy is more strained than otherwise.
“You may have parental allowance, but at the same time large expenses. Maybe you also feel pressure to arrange the dream Christmas for your children, and then see loans as the only way out,” she writes in the press release and adds.
“Of course, it can be about loans from friends or family, but certainly also to a large extent about consumer loans. The interest rates on consumer loans are often high and it’s no fun paying off last year’s Christmas presents for months. It is worrying that loans are seen as a quick way out – if things go wrong, you risk getting stuck in a negative loan spiral that is difficult to get out of”.
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The bailiff: This is how you get a handle on your debts
If you have bills that have not been paid and have been passed on to the Bailiff, you should immediately review your finances and take action. On its website, the county bailiff shares several tips for what you can do about the situation.
“If you don’t pay your bills on time, you can get a payment notice or ‘dot’, as it is often called. It is the credit reporting companies that set payment notices. Contact them if you have questions,” writes the authority.
- Review all debts and claims
The authority explains that you need to review the entire situation and get an overview of all debts and claims. Collect all the bills and go through them. Keep in mind that bills can come via letter, email or in a digital mailbox.
- Take help of the Kronofogden’s debt forecast
If you have debts to the Enforcement Directorate, you can use their debt forecast service to see how big the debts are and how likely they are to develop in the future.
“It happens that people with debts do not have the opportunity to pay them, even in the long term. In some cases, debt restructuring may be an option,” they write.
However, they emphasize that young adults who are at the beginning of their working lives can often be denied debt relief because they have many years to pay off their debts.
Source: Bailiff
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496,000 people have debts to the Kronofogden
In 2023, Swedish households’ debts to the Kronofogden grew significantly. The total debt was written to a breathtaking SEK 119.1 billion, which was an increase of a whopping 17 percent compared to 2022.
And as the total debt rose, so did the number of debts to the authority. At the turn of the year 2022/2023, 496,000 private individuals and companies had at least one debt to the Kronofogden.
Against the background of the risk that having a tough time financially can entail, the Swedish Enforcement Agency has gone out and informed what applies when you have wage garnishment, that is, the employer deducts a sum from each salary to pay the Swedish Enforcement Agency.
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Debt this Christmas? You can do that then
The authority makes it clear that you who have wage garnishment can get a break from the garnishment for a limited time with the help of a so-called moratorium. First of all, you have to apply for it, after which the Bailiff decides whether you are entitled to it or not, they write on their homepage.
You will only be approved when they consider that you have special reasons for getting a deferment, for example an unforeseen cost in a situation you cannot influence yourself. Examples of such situations could be if you become ill or are involved in an accident.
In the event that you do not have a special reason for receiving a deferment, you can nevertheless be granted it, but then everyone you owe debts to, i.e. the creditors, must approve your deferment.
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Source: nyheter24.se
