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debt

Bad Debts Hitting Swedish Families

Published måndag 5 januari 2009 kl 12.21

The head of the Swedish Debt Enforcement Authority says there needs to be a better way for people to clear up their debts.

Writing in broadsheet Dagens Nyheter Eva Liedström Adler says that at least 400,000 Swedes currently have a problem keeping up with their bills.

She says that it’s households with a tight budget that can easily get into heavy levels of debt.

According to the Swedish Debt Enforcement Authority bad debts are thought to cost society from four to six million US dollars per year, mostly from increased health costs and lost production.

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