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Post-vacation rise in demand for debt counseling services

The end of the summer vacation period has brought increased requests for debt counseling services in the Helsinki metropolitan area.

Talous- ja velkaneuvonta -kyltti velkaneuvojan toimistossa.
Image: YLE

Consumers have increasingly reached out to debt counselors over the past few weeks, according to credit advisors in the capital city area.

Most often requests for advisory services come from consumers who have taken on debt from several different credit sources, such as consumer loans or quick loans.

In Espoo, the rise in demand for debt counseling services is evident in service queues—consumers have to wait until the end of October for the next possible appointment.

Helsinki debt counselors have also reported an increase in phone enquiries since the beginning of August, while in Vantaa counselors have been unable to match the demand for phone services, said economic and debt counselor Ritva Kuittinen.

“Our duty phone has been oversubscribed at least since the beginning of August. We have had so many calls and it’s likely that not even all of the callers have been able to get through,” Kuittinen said.

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