Published 14 May 2021 at 09.38
Economics. People with low incomes who are middle-aged are most at risk of ending up with the Enforcement Officer. A contributing reason may be that young people borrow to pay off their debts, shows a new analysis from Finansinspektionen (FI), the Swedish Consumer Agency and the Swedish Enforcement Agency.
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Young borrowers, aged 18–25, more often get early payment problems, such as reminders and debt collection claims from debt collection companies. But it is more often middle-aged borrowers who end up getting a debt from the Enforcement Officer.
This may be because young people to a greater extent receive help from parents or relatives when it is really needed, the authorities believe. But there is a risk that many young people will not pay their bills. They can have more serious problems as they get older and have larger debts, if they do not change their behavior.
Smaller loans more often lead to early problems, while borrowers with one or more larger loans more often get debts from the Enforcement Officer. A contributing reason may be that borrowers repay small loan debts with other larger loans, and that it is these loans that then lead to debt with the Enforcement Officer, according to the authorities' report.
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