Siirry ensisijaiseen navigaatioon, Skip to primary navigation, Hoppa till primärnavigering Siirry hakuun, Skip to search, Hoppa till sök Siirry päänavigaatioon, Skip to main navigation, Hoppa till huvudnavigering Siirry sisältöalueeseen, Skip to main content, Hoppa till huvudinnehåll Siirry alatunnistenavigaatioon, Skip to footer navigation, Hoppa till sidfältnavigering
  1. Suomeksi
  2. På svenska
  3. In English
Finnish Competition and Consumer Authority
  • Facts & Advice
     

    Marketing and advertising

    • Good marketing practices
    • Indicating prices
    • Sales and offers
    • Corrections of mistakes in advertising
    • Recognisability of advertising
    • Direct marketing may be refused
    • Claims and comparisons
    • More topics

    Defects, delays and reclamations

    • Defective goods
    • Defective services
    • Delays in delivery
    • Defective cars
    • Defects in housing transactions
    • Residential care housing
    • Telephone and internet connections
    • More topics

    Buying and selling

    • Guarantee
    • Customer services
    • Presents and gift vouchers
    • Contracts
    • Cancelling a purchase
    • Scams
    • Gym memberships
    • More topics

    Travel and instructions for agencies

    • Travel and transport
    • Air passengers´ rights
    • How to register a travel company
    • Instructions for registered travel companies
    • Register of package travel agencies
    • If a travel agency goes bankrupt
    • More topics

    Payment, bills and collection

    • Financial management
    • Receipt
    • Credit
    • Payment arrangements
    • Loss of a payment card
    • Delayed payment and collection
    • More topics

    Competition affairs

    • Competition restraints
    • Merger control
    • Competition neutrality
    • Do you suspect a competition restraint? Tip us off!
    • Be the first one to leave a cartel
    • More topics
    • Marketing and advertising
    • Buying, selling and making contracts
    • Payment, bills, debt collection
    • Defects and delays
    • Travelling and travel agencies
    • Competition Affairs
  • Decisions & publications
     

    Competition affairs

    Documents are only in Finnish.

    • FCCA's decisions in competition affairs
    • More topics

    Motions and statements

    Documents are only in Finnish.

    • FCCA's motions and statements
    • More topics

    Consumer affairs

    Documents are only in Finnish.

    • Consumer ombudsmans' decisions
    • More topics

    Guidelines for consumer protection

    • Guidelines for consumer protection
    • More topics

    Search

    Documents are only in Finnish.

    • Advanced search
    • More topics

    Publications

    • Guidelines on the application of the Competition Act
    • Joint Nordic Reports
    • More topics
    • Competition Affairs
    • Consumer affairs
    • Motions and statements
    • Publications
  • Current issues
    • Press releases
    • News
    • Newsletters
  • FCCA
    • Online consumer services
    • The Consumer Ombudsman
    • European Consumer Centre in Finland
    • Organisation
    • Responsibilities
    • Statistics
    • Planning and monitoring of operations
    • Contact information
    • Online services and privacy protection
  • Consumer Advice
    • File a complaint with the company
    • Duties of consumer advisors
  • Contact
    • Competition affairs
    • Consumer affairs
    • Administration
    • ICT and digitalisation
    • Management
    • Advocacy and research
    • Communications
    • Data protection
  • Frontpage
  • Facts & Advice
  • Payment, bills, debt collection
Expiration of debt
  • Expiration limits of debt
  • Final expiration
  • Expiration limits for debts to public corporations
https://www.kkv.fi/en/facts-and-advice/payment-bills-debt-collection/expiration-of-debt/
Facts & Advice
  • Frontpage
  • Facts & Advice
  • Payment, bills, debt collection
  • Marketing and advertising
  • Buying, selling and making contracts
  • Payment, bills, debt collection
    • Financial management
    • Delayed payment and collection
    • Expiration of debt
      • Expiration limits of debt
      • Final expiration
      • Expiration limits for debts to public corporations
    • Credit
    • Selecting a payment method
    • Supplementary fees and discounts
    • Time of paying a bill
    • Verifying a bill
    • Receipt
    • Loss of a payment card
    • Financial and debt counselling
  • Defects and delays
  • Travelling and travel agencies
  • Competition Affairs

Expiration of debt

Listen
Facebook Twitter LinkedIn

The liability to pay a debt ceases when the debt expires

In terms of expiration debts are categorised into two types with different expiration periods:

  • Debts collected by businesses from consumers under private law. Debts are generally under private law unless special legislation provides otherwise
  • Debts collected by public corporations under public law

When a debt has expired:

  • the debtor's liability to pay the debt ceases
  • with consumer debt (credits, bills) the debtor is entitled to a refund of any payment made without knowing that the debt has expired. The consumer is entitled to a refund with penalty interest
  • expiration of debt does not prevent the creditor from collecting their dues from the debtor's property that has been put up as collateral and to which the debtor has right of lien or retention
  • despite expiration of the debt the creditor may still collect their dues from property that has been foreclosed before the date of debt expiration (e.g. forcible sale of real estate)

If a consumer fails to reach an agreement with a debtor regarding payment of an expired debt, the consumer should first pay and then bring the matter to the Consumer Dispute Board.

Debt information may be requested free of charge

You may request information regarding your debt from the creditor. The debtor is entitled to receive the following free of charge:

  • up-to-date information on the bases and total amounts of debt
  • an itemised list of unpaid debts and instalments on them
  • principles concerning interest on debt capital and costs

The information provided by the creditor must also include information on the possible expiration of debts and, if applicable, grounds for debt recovery and dates related to debt recovery proceedings

Assistance is available for dealing with debt

You may seek assistance for dealing with debt difficulties from  financial and debt advisory services. These services are free of charge to customers.
Financial and debt counselling at legal aid offices


Keywords: Debt, Debt adviser, Velkojen vanhentuminen
Updated 2.1.2019 Print
Facebook Twitter LinkedIn
Updated 2.1.2019 Print
Facebook Twitter LinkedIn
  • © FCCA
  • Contacts
  • Feedback
  • Data protection
  • About cookies
  • Accessibility
  • © FCCA