Single Service Aurora has been in a quick leverage cycle for almost 20 years

Helsinki Aurora There is one of many who has requested a law firm for help with their instant lounges.

Aurora took the first instant leverage on the doorstep of adulthood when her first child was born. He worked, but money was tight.

The hundred vip was conveniently received by text.

« It was surprisingly easy. I took them for situations where I wanted to go out with a friend to eat, but the account was empty, » Aurora says.

HS told me on Mondaythat the cheekless instant interest rates of the past years are now being discussed in court. In the so -called recovery procedure, the court can, in practice, wipe out a significant portion of the person’s shoulders and other credit costs.

Vice -judge Olli-Matti Korhonen The legal agency’s recovery has begun to acquire those indebted with instant clients. The law firm promises them help in court.

Initially Aurora quickly paid the money back. It was only when the family had to start making bigger purchases like a sofa and washing machine.

Now, almost two decades later, Aurora is a single parent of two children and still in a consumer credit cycle. The loan is around € 75,000 and the monthly repayment is approximately EUR 1,100.

Aurora’s name has been changed because he is afraid of being stamped because of his situation. His identity is known to the editorial.

Aurora working in health care. He has progressed in his career, but as his salary rises, monthly costs have also increased.

After the bills, hardly nothing remains, he says. All purchases, such as children’s winter clothing, make a credit or installment. Debt grows like a snowball.

Aurora believes that because of its debt, there will be no owner -occupied or wage money. He sees the formation of a relationship as unrealistic.

« Frankly, I wouldn’t want to be with a person who does not control their finances. »

Money problems are ashamed and isolated socially, he says. It would be nice to travel with friends and participate in joint activities, but you can’t afford them.

« It’s embarrassing that the cellphone is full of messages from instant messenger companies. They report on a constant feed which the balance is or when the due date is approaching. »

HS has seen a message sent by a quick leverage company.

Aurora In the opinion, consumer loans should be completely banned.

« Of course, it is a person’s own fault, if they are taken. However, it is wrong that they are so easy to get them, even though they do many problems. »

There are really problems. About 300,000 Finns has been indebted after taking instant leverage. Most take instant tips for paying previous debts and everyday expenses, a survey commissioned by the law firm last year became clear.

Indebtedness are increasingly firmly in the middle class. A clear majority of those who responded to the survey earn 2,000-4,000 euros a month.

Women, in particular, take instant tips to cover food costs and housing costs, Korhonen said in an interview with HS last year.

For women, the difference has often led to the take of instant nipples and thus to over -indebtedness.

FCA (KKV) Consumer Liability Unit Manager Paula Hannula admits that there is still room for improvement in the legislation on consumer credit and business procedures.

KKV Consumer Ombudsman has been involved in legislative projects on consumer credit.

« In many projects, we have had stricter positions to tighten regulation than what has eventually happened, » Hannula says.

During the latest legislative project, KKV would have liked to have a stricter regulation for marketing consumer credit companies.

Today Instant levers are very different products than, for example, about twenty years ago, Hannula says.

He repeats the history of credit products: before they were mainly offered by banks, for example in the form of a credit card loan. Then, smaller instant loans offering so -called textual loans also appeared on the market.

The legislation has been tightened along the way. Today, the interest rates of the credit are regulated and lenders also have to assess the consumer’s ability to pay the credit.

Hannula encourages consumers to turn to, for example, financial and debt counseling if his own activities with credit are worried.

« Of course, it is clear that when applying for a credit, it is worth comparing the price of the credit and also evaluating your own solvency, » Hannula says.