More Swedes cannot pay debts
The number of Swedish people who were forced to turn to the National Debt Enforcement Agency (Kronofogden) because they couldn't pay off their debt increased by over ten percent or roughly 1,000 people last year, Swedish Radio News reports.
Last year, over 10,000 heavily indebted Swedes applied to have their debts reconstructed, and the number has doubled in the past five years.
The people who are granted debt reconstruction gets some of their debt written off and get a payment plan to pay back the rest to the Debt Agency. That way they are only responsible for paying one bill a month instead of several.