• Sweden's news in English
 
app_header_v3

Swede in SMS debt to eat candy for breakfast

The Local/og · 6 Mar 2014, 11:27

Published: 06 Mar 2014 11:27 GMT+01:00


The woman, referred to as Sandra by the Metro newspaper, admitted to making small purchases like juice, Red Bull, and candy, all on the back of micro loans on her mobile phone-.

"It's a lot of that kind of stuff, but I went out a lot a bought food and drinks too. There were a lot of other costs that added up to a larger sum," she told the paper.

Her yearly bill for candy from a vending machine came to 13,700 kronor ($2,130), with her cigarette bill getting close to 20,000 kronor. Now her debts through SMS loans have reached 59,000 kronor.

"It was the SMS loans that got this ball rolling. But I'd figured that it was around 30,000 kronor, maybe. It was a shock that it was 59,000," she told Metro.

Swedish authorities have followed the surge in SMS loans closely, as the Enforcement Agency, which oversees debt repayment troubles, reported a 62-percent rise in unpaid quick-access loans in 2012 compare to 2011.

One in five among the 54,000 cases was a young person.

At the time, the justice, financial markets, and consumer affairs minister took to the debate pages of Dagens Nyheter  to express their concern that young people were getting into debt, and underlined how easy it was to borrow money with new technology.

Story continues below…

"Going into too much debt is a societal problem, where quick loans are just the tip of the iceberg," Beatrice Ask, Peter Norman, and Birgitta Ohlsson wrote.

The new case of the candy-guzzling borrower Sandra will feature on Thursday night's Lyxfällan television programme, where experts help Swedes with financial difficulties balance their household income and expenditure. 

The Local/og (news@thelocal.se)

Your comments about this article

Today's headlines
Opinion
The eight ingredients that created the Swedish model
Where did the Swedish model begin? Photo: Hasse Holmberg/TT

What is the Swedish model and who invented it? Thinktank chairman Anders Källström presents the eight reasons behind Sweden's success.

Sweden lack fire without Zlatan in Slovenian stalemate
Sweden coach Erik Hamrén. Photo: Janerik Henriksson/TT

But who are the other players who got a chance to shine ahead of the Euro 2016?

Swedish economy beating European giants in 2016
New numbers from Statistics Sweden paint a positive picture. Photo: Micke Larsson/TT

Sweden's economy is leaving the likes of Germany and Great Britain in its wake, figures suggest.

Video
Meet Dynamite Erik, a Swede who blows things up for fun
Who doesn't want to blow up a computer? Photo: Erik Johansson

The Local talks to a Swedish farmer who has turned his hobby of blowing things up into a YouTube sensation.

Swedish police to trial use of taser guns
A file photo of a Swedish police officer. Photo: Johan Nilsson/TT

The weapons are designed to incapacitate assailants through an electrical current.

Swedish woman denied job because of her head scarf
Gothenburg resident Ruya El Hattawi, who says she was denied a job because of her veil. Photo: Private

Delight over tying down a summer job soon gave way to shock when the offer was withdrawn.

Fans threatening boycott of Johnny Depp's Stockholm gig
Johnny Depp and the Hollywood Vampires performing at the 2016 Grammy Awards. Photo: Matt Sayles/Invision/AP

But others were queuing outside on Monday morning.

Good news: The Swedish summer has returned
It could be time for that first swim of the year in Sweden. Photo: Johan Nilsson/TT

Time to put away those waterproofs and bring out the bathing suits once more.

Zlatan's sore calf forces him to sit out Sweden's friendly
Zlatan Ibrahimovic at the Sweden team's training camp. Photo: Erik Nylander/TT

So does that mean Slovenia will beat Sweden on Monday?

'Sweden would not be able to defend Gotland'
File photo of a military exercise. Photo: Stefan Jerrevång/TT

Sweden would not be able to make a stand if it came to an invasion of the Baltic Sea island by foreign forces, one expert has said.

Sponsored Article
'Only soft power can defeat radicalism'
Gallery
People-watching: May 27th-29th
Sponsored Article
'Sweden gives artists the space to follow their dreams'
National
First migrants make it from Denmark to Sweden on foot
Gallery
The best, cutest and funniest snaps from Prince Oscar's christening
Blog updates

27 May

Editor’s blog, May 27th (The Local Sweden) »

"Hej readers, Would you spend a day doing manual labour in high heels? That’s what Swedish…" READ »

 

17 May

What about “att”? (The Swedish Teacher) »

"Hej! It often seems like the small words are the ones that cause the most confusion.…" READ »

 
 
 
Sponsored Article
How to find student housing in Malmö: 5 tips
Travel
Is this town the best place in Sweden?
Sponsored Article
Can you afford to live in Stockholm? (Hint: yes)
Gallery
People-watching: May 25th
Society
WATCH: Why Swedish handyman wore pink high heels for feminism
Sport
LIST: Top-ten ridiculous things Zlatan has compared himself to
Sponsored Article
Stockholm makes it easier for refugees to meet startups
Business & Money
Why Swedes don't want the euro
Sponsored Article
Food, fun, and reliable sun: Summer in Dubrovnik
Fastighetsbyrån
Gallery
Property of the week: Vika, Falun
National
Is this the most Swedish tattoo ever?
Sponsored Article
How Stockholm startups help new employees feel at home
Gallery
People-watching: May 20th-22nd
Sponsored Article
Why Stockholm attracts so many successful researchers
National
How to really annoy a Swede abroad
National
How this war veteran is warming hearts in Sweden
Sponsored Article
VIDEO: Why Malmö is the world's 6th best city for biking
Gallery
People-watching: May 18th
Sponsored Article
'Sweden gives artists the space to follow their dreams'
National
How this Swede's viral ad totally nailed Stockholm's housing crisis
Sponsored Article
Retiring abroad: ensuring your health is covered
Gallery
Property of the week: Vasastaden, Gothenburg
Sponsored Article
Can you afford to live in Stockholm? (Hint: yes)
Lifestyle
The best Swedish cities for dating
Sponsored Article
Why you should attend an international job fair
Gallery
People-watching: May 13th-15th
Culture
BLOG: Eurovision as it happened
National
Why a 116-year-old Swede isn't the world's oldest woman
National
Youth unemployment falls in Sweden
Gallery
People-watching: May 11th
Gallery
People-watching: May 6th-8th
3,315
jobs available
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
psdmedia.se