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Norwegians have $ 114 billion in unused credit.
Do you exchange petrol, furniture, data or a book, a hotel, a trip or a plane? Chances are you will be offered and you will have said yes to a credit card: There are 322 different cards that tempt you.
Chances are also that they are left unused.
It did not cost you five pounds until today. However, over the next six months, the unused credit on these cards will be counted in your debt.
– Often, a pair of credit cards is useless. If the credit limit of the four cards is 50,000 crowns, this pair will receive 200,000 less crowns in loans next year. I only have one advice: cut the cards you do not use and tell the issuer that the credit should be removed, "says General Manager Ådne Skjelstad of Lendo refinancing company in VG.
The reason is that the government's registered debt register will be in place before next summer.
The registry will help record card debt, not just the loans you take out with banks or other financial companies.
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CLIPS, CLIPS: Skate leader Skjelstad of Lendo said that before the summer, they had to cut credit cards they did not use.
"style =" width: 100%; "aria-decriteby =" figcaption # 24503748 "/> CLIPS, CLIPS: Skate leader Skjelstad of Lendo said that before the summer, they had to cut credit cards they did not use.
Anders N. Kvam, consumer coordinator of the Danish Financial Supervisory Authority, confirms the case.
"When the bank reviews a loan application, in accordance with the mortgage regulations, all debts, including consumer loans, will be included in the credit rating," he said.
– A good evaluation of the client's ability to work therefore indicates that, as stated in the consumer credit policy, it is the overall credit framework that forms the basis of credit cards and master plans. This is what can become the total burden of the customer's debt, which is therefore crucial for his ability to work.
The credit limit
Thus, those who shop around in life with different credit cards can be revealed.
Skjelstad says that the debt register is very good, even though it may make them lose less money: his company helps, among other things, people to refinance after getting lost in credit card debts. credit.
"Our employees stay seated all day and receive inquiries from people who need help because they have incurred excessive costs and interest rates because of their card debt." When the registry is created, banks and lenders will have a complete overview of the total debt, including that of the cards.
"But," he said, "we have discovered an unforeseen problem. The register must contain both credit limits and current balances. In practice, lenders must have a relationship with the credit framework you have. This means that unused credit limits on credit cards will appear as a bomb in the debt register: for many, this framework could reduce the mortgage lending capacity, even if the credit framework is unused.
Diners Club sits in the Nordic countries – 200,000 Norwegians are affected
114 billion
He says that their review shows the following:
There are 322 different credit card offers in Norway.
In total, we have 6.6 million credit cards. Are we allotting this program to 4.1 million people on 18 years, this gives 1.5 card per capita.
"When you know that there are many who do not have cards, the average is among those who have them, probably around two," Skjelstad says.
Overall, credit cards have a total framework of NOK 165 billion. It is based on an average of 25,000 NOK per. map.
We are actively using 51 billion out of 165 billion:
The total unused credit limit is 114 billion.
"This means that in Norwegian homes and portfolios, around NOK 114 billion is unused," says Skjelstad.
He says these are conservative estimates.
"Our customers have a credit limit of 40,000, but it is above average, so we're working at 25,000 crowns, and we think there's a need to ring the alarm because it could reduce the loan to borrowers who are "good" and do not use their credit cards, "Skjelstad said.
Namsfogd marks pressure on consumer credit growth
confirmed
Anders N. Kvam from the Danish FSA adds:
The case continues during the advertisement.
– It is true that, in accordance with the provisions of the law on debt information, it is necessary to record credit, credit and non-interest-bearing balances on credit cards, including credit cards. . This is important information for financial companies that will assign a credit rating to a loan applicant. The credit structure provides information on the total volume of loans that the client can receive.
If you have questions about having a lot of cards, even if you do not use them, you may have negative results when you meet the bank about loans.
"Banks are mainly concerned with loans and loans already contracted as well as by the history of payments.
Dalsbø points out that a debt register can nevertheless have major consequences on the number of credit cards that the customer may be allowed to dispose of.
"With a debt registry, banks will have a better overall view of available credit from customers, which can affect banks' credit practices.
PS: Lendo belongs to Schibsted, who also owns VG. E24 is again a wholly-owned subsidiary of VG.
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