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Europe

Swedish Teens Lured by Loans Via Text Messages

Swedish teens are going into debt because it's become easy for them to get a loan. All they have to do is send a text message from their mobile phones. The country's debt recovery agency is not happy.

A young boy typing a text message into his mobile phone

Money's just a few clicks away

Sweden's Kronofogden, or national debt recovery agency, has been asked to collect debts from 20,000 defaulted loans, a large percentage of which was given to people under the age of 25.

DW-RADIO's Cool program talked to Kronofogden's Janne Aakerlund to find out more about the problem. To listen to the interview, please click on the link below.

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