Wednesday, March 12, 2008

Young Swedes Trapped by SMS Loan Debt

Fire off a simple text message, wait 15 minutes and presto, 3000 kronor ($500) land in your account; the simplicity of obtaining SMS loans in Sweden is increasingly luring youths into debt.

"The first (SMS) loan was given in the middle of March 2006," said Janne Åkerlund, a spokesman for Sweden's debt recovery agency Kronofogden, adding that the first bill collectors were sent out just three months later. Since then, the number of un-repaid text message loans has soared: in 2007, Kronofogden was tasked with collecting debts from 20,000 such loans, 35.9 percent of which were granted to people aged 18 to 25.

1 comment:

daphne said...

Why not trying this one for personal or student loans?

Swedish Personal Loans

123 pengar are here to offer you the loan as soon as possible and in many cases can offer you the money directly into your bank account within an hour.

Vi arbetar med särskilt utvalda långivare för att erbjuda dig de lån du behöver, inklusive kort- och långtidslån, kontantlån och andra former av obundna kreditlån.

När vi har bearbetat all din information kommer vi att kunna svara dig direkt om vilka lån som finns tillgängliga för dig och hjälpa dig igenom kommande steg för att göra det möjligt för dig att få pengarna direkt.