Norwegians steer clear of expensive consumer loans during reopening of country
The reopening of Norway is in full swing, and so far, Norwegians have steered away from expensive consumer loans. Norwegians’ consumer debt continues to fall….
The reopening of Norway is in full swing, and so far, Norwegians have steered away from expensive consumer loans. Norwegians’ consumer debt continues to fall….
A report on Norwegians’ loan-financed consumption shows that we turn to credit cards more than to consumer loans. But it is more expensive and more…
The government requires banks to use the new debt registers to prevent irresponsible consumer loans. Consumer Minister Kjell Ingolf Ropstad (KrF) says to E24 that…
Several Norwegians need not repay loans due to ID theft Several recent verdicts have established that victims of stolen identity are not liable for bank…
At the end of 2018, Norwegians had amassed NOK 21 billion in consumer loans that had gone to debt collection. In total, there are 470,000…
The banks are increasingly getting rid of «rotten debt» Banks sell defaulted loans, aka «rotten debt», to debt collection companies to a greater extent than before….
Finanstilsynet will ban consumer loans over five years. But Norwegian consumer banks are unhappy that they are taking away their flexibility. On Friday, FSA…
Nearly one in ten young adults between the ages of 19 and 29 state that they partially provide themselves with short-term credit or consumer loans….
Strong increase in applications for consumer loans More than 3.5 million applications for consumer loans were made in Norway last year, almost 700,000 more than…
A review of the accounts of credit card banks showed that the size of defaulted loans has doubled over the past year. Dagens Næringsliv…
Foreign online banks now offer what are called ‘express loans’ in the Norwegian market, loans with annual interest rates exceeding 1,000%. Jorge Jensen, CFO…
Students take up consumer loans to cover monthly expenses 6 per cent of young people between the age of 18 and 29 take up credit…
Parliament has asked the government to investigate interest rates on consumer loans, and unsecured debt, in order to prevent Norwegians from falling into debt. Parliament…
The Government proposes to ban aggressive marketing of consumer loans, according to E24. This was revealed at a press conference Tuesday including Minister of Finance,…
The banks are too slack in checking borrowers’ ability to pay, according to the Financial Supervisory Authority (Finanstilsynet). Now they want to make it harder…
The financial industry is agreed on an industry norm to limit unwanted and ongoing marketing of consumer loans. Finance Norway and Association of Norwegian Finance…
One in five real estate agents have found that homebuyers are using the consumer loans to be able to provide the necessary equity, according to…
DNB bank chief executive, Rune Bjerke, said growth in consumer loans has been too high in recent years, and he calls for stricter rules. DNB…
Norwegians consumer debt has almost doubled in eight years. A report the government has ordered, concludes that it may be prohibited to promote “simple, easy…
Financial Supervisory Authority’s proposal to tighten mortgages must also include sound rules for consumer loans, believes Endre Jo Reite at SpareBank 1. – The problem…