Record-high number of payment defaults in Finland in 2024

Nearly 1.95 million new payment defaults were recorded in Finland in 2024, marking the highest number of the decade. Despite the rise in default entries, the number of individuals with payment defaults grew at a slower pace, suggesting worsening financial difficulties among those already struggling.

At the end of 2024, nearly 369,000 individuals had at least one payment default, an increase of approximately 18,500 compared to the end of 2023.