'Borrow' - do you really want to do that?

Debtors Unable to Pay Off SMS Loans

Swedish debt collectors say they note a 30% increase in the number of people in this Nordic nation who are reported for being unable to pay their SMS loans.

The number in the last year has climbed to 46.000 - and most of those unable to pay off their debts are teen-agers and those in their 20's.

Observers conclude that that most experienced people here know enough not to take out an expensive but easy-to-get short-time SMS loans - realizing that the interest rates are far higher than normal bank loans.

Our journalism is based on credibility and impartiality. Swedish Radio is independent and not affiliated to any political, religious, financial, public or private interests.
Du hittar dina sparade avsnitt i menyn under "Min lista".