While Finnish consumers are experiencing more recurring payment difficulties, the number of serious debt issues has dropped significantly according to an analysis by the credit management company Intrum.
A recent analysis by Intrum reveals a nuanced picture of consumer payment behavior in Finland, showing that while there are more recurring payment problems among Finnish households, serious debt issues have significantly decreased. Specifically, the data indicates that the number of individuals registered as having serious payment difficulties fell by nearly 50% in 2022 compared to 2021. This trend suggests an improvement in the overall financial situation of households in Finland.
The analysis covered consumer payment behavior among individuals registered for collection between 2021 and 2025 and utilized data from over a million Finnish consumers. It indicates that while the prevalence of recurring payment issues has increased, which can suggest underlying financial stress for some households, the substantial reduction in severe debt problems is a positive development. This duality of increased minor issues against a backdrop of decreasing serious problems may reflect broader economic factors at play in Finland.
According to Intrum, the shift in consumer debt trends signals a broader improvement in the economic conditions facing households, potentially indicating that measures to address financial literacy and debt management are having a positive impact. This could lead to positive long-term consequences for consumer credit behavior, promoting a healthier economic environment in Finland if these trends continue.
