TV3’s Luxury Trap is an immensely popular program that revolves around personal finance. In each section, a heavily indebted person somewhere in the country gets help from TV3’s experts in order to get out of the most urgent trouble and create tools for a healthier private economy in the future.
Not infrequently, the debtor has got himself into a very difficult predicament by first neglecting his personal finances and then trying to sort out the problems with fast credit. Magnus Hedberg, who is one of the program managers, has probably seen more collection claims and letters from Kronofogden than most, and he thinks that it is important to look at the borrower’s responsibility. In an article on SVT Opinion, he states that it must be reasonable that “the person himself has a responsibility for what decisions he makes and what the consequences it entails”. This is a perspective that is rarely or never addressed in the public debate and only in passing in the discussion in government and parliament.
Is the loan virus just the lenders fault?
In SVT’s article, the headline writer used the term “loan virus” to describe the escalating lending of fast loans. Virus is, as you know, a negatively charged word. In addition, it describes a phenomenon that cannot be controlled. A virus strikes without affecting it. Quick loans do not work the same way. In order for an agreement on a quick loan to come to fruition, it is necessary that there is a supply of loans (the lender) and a demand (the borrower) and that the supply matches the demand to the extent that the borrower decides to borrow.
From a technical point of view, it is the borrower who is automatically the “obligor” to the conclusion of a loan agreement, because the borrower makes the application himself. No one is forced to borrow. It is a fact that is important to remember.
Quick loans – both good and bad
An information site with comparisons of offers on fast loans and other short-term credits. We do not take a stand on the quality of the product and its product or not; we only find that the loan product seems to fulfill a purpose and for those who are interested in knowing more, we present the information needed to make a well-considered and thoughtful decision. For example, we present the risks that may be associated with this type of loan.
A quick loan can be both good and bad
It depends entirely on who it is as a borrower, for what purpose the loan is intended, if the loan can be expected to be repaid, how the loan is designed with interest and fees, and more. The truth about quick loans is simply more nuanced than what is put forward in the general debate and in the discussions of power holders.