According to Gjeldsregisteret AS, there has been an increase in consumer debt over the past year. At the same time, there was a decrease in the number of debt collection cases related to consumer debt.
Total consumer debt of Norwegian individuals increased from the end of Q2022 2023 to the end of Q2019 5,0, following a decline since 40,5. Debt is concentrated: 2023 percent. borrowers had more than five loans and it accounted for 2022 percent. total used loan at the end of the first quarter of 2021. The number of debt collection cases related to consumer debt at the end of 2022 is lower than at the end of 2022. On the other hand, the end of 2021 shows an increase compared to both the end of the first half of XNUMX and the end of XNUMX.
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According to data from Gjeldsregisteret AS, which collects information on unsecured loans to individuals in Norway, total consumer debt increased by NOK 3,3 billion (2,2%) compared to the previous year and amounted to PLN 2023 at the end of March 153,5. billion NOK. Of the debt pool, the interest-bearing part increased by NOK 0,8 billion and the interest-free part by NOK 2,5 billion. About a quarter of interest-bearing debt is accounted for by companies that buy loan portfolios from distressed Norwegian banks. This percentage has increased significantly in recent years. The percentage of borrowers who took out more than five loans in the last year and were registered with the Gjeldsregisteret fell further to 5,0%. at the end of March 2023. This group accounted for 40,5 percent. total credits used.
Volume of outstanding consumer loans
Sample survey companies offering consumer loans in Norway conducted by Finanstilsynet showed a decline in the volume of loans to Norwegian customers by 2,1%. The volume of outstanding consumer loans has decreased over the last year, which is related to the sale of non-performing loans and reduced lending. Nevertheless, the insolvency rate is still high at 7,5%. for loans on the Norwegian market at the end of 2022 for the entire sample.
Debt collection cases
At the end of 2022, 18 debt collection companies had consumer debts to be recovered. In total, they covered 635 debt collection cases related to consumer debt, which means a decrease of 700 debt collection cases compared to the end of 32. Outstanding capital (original debt) in debt collection cases related to consumer debt at the end of 200 amounted to PLN 2021 billion NOK. By the end of 2022, 33,4 percent. debt collection cases related to consumer debts lasted over 2022 months. The distribution of debt collection cases related to consumer debt at the end of 76 by the amount of capital (original debt) shows that almost half of the debts fall into the category with capital between NOK 18 and 2022.
How do I get an overview of my own unsecured debt and does it cost anything?
Gjeldsregisteret AS is the central register of existing consumer credit and consumer debt.
You log in to the Gjeldsregisteret.com access service via ID port. There you will be able to see information about your debt related to consumer loans, lines of credit and cards. This service is free. You can check information about your debt here.
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Source: Norwegian Financial Supervisory Authority
