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:

1. You recieve a loan or use a credit card
   • 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

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2. You get an an overdue notice or a debt collection notice
   • 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

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3. The claim is handed over to a debt collection agency
   • 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

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4. The claim is handed over to "Namsmannen"
   • 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.

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Altinn have a good article on reminders and debt collection