Debt Collection Rates Surge Among Seniors Over 55

An increasing number of Swedish residents aged 55 and older are receiving debt collection notices, according to recent data analysis highlighting a shift in the demographic profile of consumer debt. This trend suggests that a growing segment of the older population is struggling to manage financial obligations amidst rising living costs and changing credit accessibility. … Read more

Debt Collection: Why Most People Just Pay

Why You Often Don’t Owe Collection Costs: Understanding ‘Verzugsschaden’ Many individuals in Switzerland, and likely across Europe, find themselves facing unexpected and often substantial charges added to existing debts – known as ‘Verzugsschaden’ (default damage). This encompasses collection fees, late payment penalties, and other costs levied by creditors and collection agencies. Whereas it’s common to … Read more