The suffering for individual people is so great that it motivates powerful measures, says Financial Markets Minister Niklas Wykman (M) at a press conference.
The investigator will examine whether Sweden should introduce an absolute prescription, as Finland already has. This would mean an opportunity for indebted individuals to become debt-free, but according to Wykman, the primary purpose is to ensure that loans are not given to people who cannot repay.
Those who lend money to people without repayment ability should bear the risk, says Wykman.
The investigator will also investigate whether rules should be introduced to make it easier to pay off debts. This by paying off the loan amount first and the interest second. This would avoid the so-called interest-on-interest effect, which currently makes unpaid debts constantly grow.
Today, there are 90,000 people who have had debts with the Enforcement Authority for over 20 years, according to the government. The Enforcement Authority points out that debts that are not paid within five to ten years often remain unpaid for a very long time.
The assignment will be presented in July next year.
