Debt collection and Namsmannen - Why is my debt increasing?
The hidden costs usually stem from when you dont pay on time. Follow this imaginary scenario to learn about what can go wrong when you dont pay:
- Watch the due date
You must pay the minimum amount before the due date
- Pay the minimum amount
The minimum amount is the least you have to pay to avoid extra fees
- Whats the difference?
If you don't pay a debt collection notice, the claim will be sent to a debt collection agency
- You can get extra fees
14 days must pass since the due date before you can get extra fees
- Interest on overdue payments
You can get additional interests you need to pay already from the first day the payment was overdue, but only if the due date is printed on the invoice
- What is a debt collection agency?
Those you owe money transfer their claim to a debt collection agency
- Payment request
You will recieve a payment request from the collection agency
- Additional fees
The payment request usually have a higher fee
- Interest on overdue payments
Additional interest is still piling on
- Who is "Namsmannen"
"Namsmannen" is a legal entity that can retrieve debt from you though the legal system
- Payment remark
You can recieve payment remarks that will make it more difficult to take on additional debt, get a house, or buy services.
- Attachment of earnings
"Namsmannen" or "Skatteetaten" can make your employer deduct your salary to pay debt.
Altinn have a good article on reminders and debt collection