The main reason behind the decline of debt collection claims is believed to be the decreased consumption.
Considering the high interest rate and the reduced payment scope, people are buying less on credit, says Fredrik Engström.
One theory, however, is that it is the groups that do not actually have any major payment difficulties that are behind the decrease in debt collection claims.
I think that the slightly higher interest rates have created a new awareness among many people that credits cost much more than paying cash directly.
At the same time, the groups that do not have any other option but to consume on credit continue to do so to the same extent as before.
In January, the proportion of debt collection claims paid within a month was 51 percent, last month the same figure had dropped to 42 percent. This is a clear indication that there are more households with impaired payment ability, according to Engström.
The signals we've seen in November are somewhat alarming, there are many more who need more time to pay than there were at the beginning of the year.
