Possible solutions may be:
- Extending the loan term
- Decreasing the instalment
- Taking a repayment holiday. Learn how you can apply for a repayment holiday
- Combining several loans into one that can be managed easier.
By dealing with the problem in time, you have a better chance of making the needed arrangements. When you act quickly, you avoid unnecessary penalty interest, collection charges and payment default entries.
Tips on planning your finances
We provide up-to-date information in support of your personal finances and tools for balancing your income and expenses. You can keep track of your finances in all OP channels.
Information on the management of personal finances and matters related to debt can be obtained from Takuusäätiö (Guarantee Foundation) and on the National Legal Services Authority's website on financial and debt counselling. Counselling provided by the legal aid office is free of charge.