Finnish Friend - Debt

[JennyLaslo]

There was a suggestion that I post here. Does anybody know what the equivelent of a lemon fool or moneysaving expert is in Finland to help with this issue below, or have any suggestions?

I am trying to help my Finnish friend out of their debt as they have gotten into a sticky situation.
They were automatically declared bankrupt at €8500 around 6 years ago, because they couldn't pay the interest anymore, and all that happened was the debt locked at 11percent interest. Now it is at around 17.5k. Any advice on how they should tackle this? I don't know a lot about debt and less so about Finland's approach, but I'm surprised that the answer was to reduce it down to 11 percent and let it build over the years to a point where they really have no realistic way of paying without some deal or being bailed out.

As an English speaker or utilizing online translation, where can I go to find more information/help for him?

Thanks

[Moosehoosenew]

This link may help?

https://www.infofinland.fi/en/settling- ... l-problems

[londoninvestor]

Caveat: I know nothing more about this than a quick Google search.

On Reddit there's an (English-language) board for Finland: https://www.reddit.com/r/Finland/

A thread on there discusses personal debt issues. Unfortunately the OP there deleted their original question, but someone in the comments suggests asking for advice from a non-profit organisation called Takuusäätiö ("the Guarantee Foundation").

Its website (in both English and Finnish) is https://www.takuusaatio.fi/en/home/

Potentially that organisation might be of some help?

[csearle]

There was a suggestion that I post here.

By the way, welcome to The Lemon Fool. Hope you find what you are looking for. Chris