Money. Photo: Unsplash.com
Almost half of Finns, 47 percent, have to compromise on Christmas this year due to lack of money. Four out of five people, 78 percent, suffer from a lack of money. About 300,000 Finns are over-indebted because of quick loans.
Regionally, southern Finns stand out from the rest with their Christmas view. 44 percent of them suffer from a lack of money. In the rest of Finland, the share is about half of the population. The lack of money focuses on women. 52 percent of women have a shortage, 42 percent of men. Among the older age groups – 55–75 years old – lack of money is now the rarest. On the other hand, more than half of the 18-44 year olds are waiting for Christmas.
– The outlook for this Christmas reflects the general economic situation. The situation hits those who already have scarcity the hardest. A large part of those with quick debt have drifted into foreclosure, which is reflected in where the Christmas budget comes from. Not with a credit card or savings, but very emphasized with salary. That is, hand-to-mouth Christmas, CEO of Law Office Takaisinperinn Olli-Matti Korhonen says.
Olli-Matti Korhonen is also a deputy judge. The service he created helps over-indebted Finns. Law firm With the help of recovery, the debtor has the opportunity to get back the money he paid in unreasonable interest. Recovery is the only law firm in Finland that specializes in the matter.
The research data is obtained from the answers to the Pikavippidelevkantunut Suomi survey conducted by the Law Office Takaisinperinnin. The survey was answered by 765 over-indebted people who use the Takaisinperinnin service. 52 percent of the respondents are women, 47 percent are men and 1 percent did not want to say. The second part of the survey represents the entire adult population of Finland. The second part of the survey was answered by 1,000 Finns, half of whom are women and half are men. The research part representing the entire adult population was carried out by the research company Bilendi.
More than a third are forever in debt
More than one in three of those who have become over-indebted due to quick tricks estimate that they have so much debt that they will never be able to return to being debt-free. Almost half, 41 percent, currently have insufficient income for everyday expenses.
– Practically everyone, 97 percent, has payment difficulties when repaying the Pikavip. 85 percent will go into foreclosure, says Korhonen.
About one in ten of all Finns is a debt collector.
Debt grows upon debt
One in five of those in debt has had a single biggest quick tip of more than 10,000 euros. The interest rate on a 10,000 euro quick deposit could have been, for example, 30 percent. In every fourth case, the largest individual amount has been 5,000–10,000 euros.
– 77 percent of those with quick-fix debt have taken a quick-fix to reduce their previous debts. That is the cycle by which over-indebtedness is created. More than half have last taken a quick tip more than 5 years ago. It’s so tiring to get off the mountain, Korhonen commented.
Another quick tip is the most common way to deal with the payment difficulties of a quick tip debt. 65 percent take out another Pikavip to pay for the Pikavip and 25% borrow money from an acquaintance. Both solutions increase debt on top of debt.
By law, the sum of the quick tip cannot be less than 2,000 euros. For 33 percent of those who became over-indebted due to quick tricks, 2,000–3,000 euros was their biggest single quick tip.
The success rate is 99
Legal office Recovery customer’s financial situation will never deteriorate due to the service. Debt recovery pursues cases against the express delivery company or debt collection company either by agreement or in court. The goal is to recover the interest paid by the customer. Lakitoimisto The success rate for recovery is 99.
– We don’t give advice, we act, says Korhonen.
– The biggest shortcomings are related to unreasonable interest rates, unclear contract terms, creditworthiness assessment and delivery of the credit agreement. The legislation is in order, but the supervision is not, concludes Korhonen.
Source: hymy.fi
