Thanks to the “easy” borrowing through SMS, more and more Swedes are landing debt. In 2007, over 20,000 cases were reported to the Swedish Enforcement Agency, who are responsible for collecting debts from the public. The Agency predicted there would be around 10,000 cases this year, but they were surprised with the number- 20000! Alarmingly, 18 through 25 year olds account for 36% of all SMS loans.
source: textually.org
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