The number of people who have defaulted on their payments rose to a record high in Finland between late September and early October. A register maintained by Suomen Asiakastieto indicates that roughly 370,000 people, or 8.5 per cent of the entire population, have received a bad credit rating. As many as one-sixth of roughly 30-year-old men have received a bad credit rating for failing to meet their financial obligations on time.
HS in English
More Finns than ever have a bad credit rating
“Worryingly many pay out old debts by taking new loans.