Payment default numbers in Finland reach post-reform record high

More than 373,000 people in Finland now have at least one payment default, according to new figures released for the first quarter of 2025. The number has increased by around 4,000 since the end of 2024, marking the highest level since the credit data law was amended in December 2022.

The number of payment defaults had initially declined following the legal reform, which shortened the retention period of default entries to one month after the debt was paid.