New methods needed to rein in consumer credit Consumer credit can drive households into financial difficulties. New measures are needed to prevent increasing debt problems. Share Email Twitter Facebook Linkedin Google+
Household debt burden worryingly large – we must take a variety of measures to guard against the risks The accessible summary sums up the solutions presented in the Bank of Finland’s stability assessment that can get a grip on households’ excessive debt levels. Share Email Twitter Facebook Linkedin Google+
Debt risks amplified by housing company loans The macroprudential toolkit needs to be replenished with borrower-based instruments that take into account loan applicants’ repayment ability and are able to curtail household indebtedness as a whole. Share Email Twitter Facebook Linkedin Google+
The overall picture of debt accumulation gets blurred as provision of consumer credit becomes diversified Finnish household debt is rapidly increasing also via consumer credit. Loans taken out from these new sources is difficult to monitor. Share Email Twitter Facebook Linkedin Google+
