TLDR
Over the last decade, non-collateralized debt in Norway has increased by more than 220%. It now equates to almost 15% of the national government's budget. In effect, it allows any individual to apply for uncollized loans 24/7 tied to excess excess excess debt tied to outstanding debt. In 2019, almost 200 billion Norwegian bank loans (including credit cards and credit cards) are swelled to almost 150% of Norway's national budget. Forbrukslån is a portmanteau, which mends the two words "consume" and "loan"via the TL;DR App
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Written by pholtr | Norwegian expat living in the US. My interests include fintech, online banking and AI.
