Debt Settlement - Finland
Even the people in Finland are having problems these days with credit and debt settlement. for their loans and credit cards
Tens of thousands still burdened by recession-era debt
Debt adjustment processes are avoided in order to shield guarantors
By Eeva Eronen
According to various estimates, between 20,000 and 40,000 Finns are still repaying debt accumulated before or during the recession years of the early 1990s. One of them is Nina Honkanen, who related her story in last Sunday?s Helsingin Sanomat. Honkanen, who became burdened by debt in her twenties due to a loan she had guaranteed, should be rid of her debt load in 2008, just in time for her 40th birthday.
Not everyone is as "lucky". The remaining group of debtors includes people who have fallen through the cracks of society or have otherwise become embittered, as well as plenty of those who avoid the debt adjustment process because they do not want to burden their guarantors, estimates Leena Veikkola, the head of the Guarantee Foundation, which provides support to debtors
Even the people in Finland are having problems these days with credit and debt settlement. for their loans and credit cards
Tens of thousands still burdened by recession-era debt
Debt adjustment processes are avoided in order to shield guarantors
By Eeva Eronen
According to various estimates, between 20,000 and 40,000 Finns are still repaying debt accumulated before or during the recession years of the early 1990s. One of them is Nina Honkanen, who related her story in last Sunday?s Helsingin Sanomat. Honkanen, who became burdened by debt in her twenties due to a loan she had guaranteed, should be rid of her debt load in 2008, just in time for her 40th birthday.
Not everyone is as "lucky". The remaining group of debtors includes people who have fallen through the cracks of society or have otherwise become embittered, as well as plenty of those who avoid the debt adjustment process because they do not want to burden their guarantors, estimates Leena Veikkola, the head of the Guarantee Foundation, which provides support to debtors
