Mortgage Declined Due to Late Payment

If you can not pay your loan you have with us

Mortgage Declined If you are unable to pay your loan,

it is important that you contact your local bank branch as soon as possible.

Together we try to solve the problem

Sometimes things happen in life that affects the economy.

Loans that are not repaid on time can create problems.

Therefore, it is important that you contact us as soon as possible if you do not have the opportunity to pay off your loan.

Together we can have the opportunity to solve the problem.

Mortgage Declined if you can not pay

1. Reminder
2. Payment demands and termination
3. Debt collection / Bailiff
4. Payment note
5. Dispute payment advice
6. Debt advise from your municipality
7. Debt settlement

1. Reminder

If you do not pay your loan on time, you will receive a reminder with a supplement for the reminder fee and default interest. 

Interest on arrears begins to be calculated from the due date. 

2. Demand for payment and termination

If you do not pay the remainder on time, you will receive a payment request with a warning that your loan can be canceled in the event of non-payment.

When you receive a demand for payment, a fee will be added.

If the demand for payment is still not paid after the due date, the bank may have the right to cancel the loan early.

This means that you need to repay the entire loan amount, including interest, default interest, and fees.

If you pay, the bank usually does not proceed with the termination and you may keep your loan. 

Debt collection / The Enforcement Officer 

For mortgages:

If you do not pay despite termination from Stadshypotek, the matter can be handed over to Intrum,

which handles the bank’s debt collection matters. Intrum sends out a debt collection claim. 

If the payment is not made, Intrum applies for a payment order from the Enforcement Officer. 

This means that additional fees will be added. For questions about fees and costs, or if you want to make an agreement on payment,

contact Intrum, contact information can be found atwww.intrum.se.

If you do not pay or dispute an issued payment order within the declaration period, the Enforcement Officer will issue a decision that you must pay a certain amount.

The home that constitutes security for the loan is foreclosed on and can be sold at an executive auction.

If the sale does not cover the entire loan, you will continue to owe the bank money. 

For other loans:

If you do not pay despite termination from the bank, the matter can be handed over to Intrum, which handles the bank’s debt collection matters. 

Intrum sends out a debt collection claim. If the payment is not made, Intrum applies for a payment order from the Enforcement Officer. 

This means that additional fees will be added. For questions about fees and costs,

or if you want to make an agreement on payment, contact Intrum, contact information can be found at  www.intrum.se.

If you do not pay or dispute an issued payment order within the declaration period,

the Enforcement Officer will issue a decision that you must pay a certain amount. 

More information about the Enforcement Officer’s handling can be found on their website:

The bailiff

Payment note

If you do not pay the Enforcement Officer, you will receive a payment remark,

which makes it more difficult for you to rent a home, take out a mobile subscription, get a mortgage, or other credits.

A payment remark remains in the credit information register for three years.  

Dispute payment advice

If you think a payment claim is incorrect, you should dispute it as soon as possible by contacting your bank branch. 

In the dispute, you must point out that the payment requirement is incorrect and the reason why you consider it. 

Debt advise from your municipality

If you need help sorting out your finances, you can contact a budget and debt advisor in your municipality.

It’s free and they can help you get an overview of your finances and your debts.

You can search for budget and debt advisors in your municipality on Hallå consumer’s website.

Hello consumer

Debt settlement

If you are heavily in debt, you can, under certain conditions, get debt restructuring. 

You apply for debt restructuring with the Enforcement Officer.