Enforcement after inadequate credit assessment

The party programme states that debt weakens people's independence and that regulation of loan terms shall be based on common needs rather than financial capital's, and that banks' society-impacting activities need stricter regulation. Allowing lenders who fell short on credit assessment to bear greater economic responsibility when the debt goes to the Enforcement Authority is precisely such regulation. The plan furthermore sees deep indebtedness as profitable for banks and harmful to people's bargaining power.

• loan terms based on common needsdecisive»Regleringen av lånevillkor behöver utgå från« (party programme ↗)“Regulation of loan terms needs to be based on”
• counter over-indebtedness»Skuldsättning försvagar många människors självständighet och« (party programme ↗)“Debt weakens many people's independence and”
• stricter bank regulation»Tills dess behövs en hårdare reglering av bankernas« (party programme ↗)“Until then stricter regulation of banks'”
• lender responsibility»skulder är både lönsamt för bankerna och fördelaktigt för kapitalet i« (party programme ↗)“debts are both profitable for banks and advantageous for capital in”

The plan's principled starting point is that the market needs democratic counterweights and clear rules of the game, and that debt driven by unregulated lending creates instability and affects those with least power. Letting lenders who fail in credit checking bear greater economic responsibility when debt goes to the Enforcement Authority is such a rule. Lending is not explicitly mentioned, so the position is derived.

• democratic counterweights to the marketdecisive»Det krävs demokratiska motvikter för att skapa de stabila spelregler som behövs för att« (party programme ↗)“Democratic counterweights are needed to create the stable rules of the game that are needed to”
• the debt economy creates instability»utvecklats till en skuldekonomi. Detta har lett till en djup instabilitet« (party programme ↗)“developed into a debt economy. This has led to deep instability”
• side with the weaker»Socialdemokratins uppgift är att ta parti för den som har mindre makt.« (party programme ↗)“The Social Democrats' task is to side with those who have less power.”

The plan establishes that greed, over-indebtedness and speculation shall be combated and that excessively high private indebtedness is a risk for both the individual and the economy. It also wants strong consumer protection and to combat excessive risk-taking in financial markets. Allowing lenders who fail in credit checking to bear greater economic responsibility when debt ends up with the Enforcement Authority is a policy instrument in precisely that direction.

• combat over-indebtednessdecisive»Girighet, överskuldsättning och spekulation ska motverkas.« (party programme ↗)“Greed, over-indebtedness and speculation shall be combated.”
• indebtedness as societal risk»hög privat skuldsättning är en risk för individen« (party programme ↗)“high private indebtedness is a risk for the individual”
• strong consumer protection»Vi vill ha ett starkt skydd« (party programme ↗)“We want strong protection”
• combat financial risk-taking»motverka det överdrivna risktagande som dominerat« (party programme ↗)“combat the excessive risk-taking that has dominated”

The plan does not address creditors' responsibility in attachment proceedings. The nearest lying principle is care for households with tight margins and the requirement for given and foreseeable rules in the economy, where the one who causes costs should also bear them. Derived from this the plan supports that lenders who fail in credit assessment take greater financial responsibility, but the basis is weak.

• protect households with marginsdecisive»Alltför många människor lever med små marginaler i dagens Sverige.« (2022 manifesto ↗)“Too many people live with tight margins in today's Sweden.”
• foreseeable rules»Ekonomin ska ha givna och förutsägbara spelregler« (party programme ↗)“The economy shall have given and foreseeable rules”
• ease households' debt burden»Det förstärkta amorteringskravet — ett påtvingat sparande för dem med lägst inkomster — bör avskaffas när ränteläget nu normaliseras.« (2022 manifesto ↗)“The strengthened amortization requirement — a forced savings for those with the lowest incomes — should be abolished when the interest rate environment now normalizes.”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

The party programme establishes that private power too can be abused and that the market therefore requires rules of the game, and that the individual's position in everyday contracts shall be strengthened through improved consumer and contract legislation. Letting lenders who fall short in credit assessment bear greater financial responsibility when debt goes to the Enforcement Authority is exactly such a rule of the game, and the plan also wants over-indebted people to more easily become debt-free. The plan therefore supports the requirement, although without explicitly mentioning debt enforcement.

• strengthened consumer protectiondecisive»vardagen behöver stärkas genom förbättrad konsument- och avtalslagstiftning.« (party programme ↗)“everyday needs to be strengthened through improved consumer and contract legislation.”
• rules of the game against power abuse»Även den privata makten kan missbrukas.« (party programme ↗)“Even private power can be abused.”
• counteract over-indebtedness»Reglerna för skuldsanering ska ändras så att överskuldsatta får större möjlighet att bli skuldfria.« (party programme ↗)“Rules for debt relief shall be changed so that over-indebted people have greater opportunity to become debt-free.”
• support for over-indebted»Konsumenter ska ha tillgång till budget- och skuldrådgivning« (party programme ↗)“Consumers shall have access to budget and debt counselling”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

The plan does not address garnishment or credit assessment directly. The party programme, however, demands effective legal rules and active consumers, rejects an economy characterized by speculation and irresponsibility and makes integrity and personal responsibility the foundation of market economy. Letting lenders who have failed in credit assessment bear greater economic responsibility follows from these principles.

• effective legal rulesdecisive»välinformerade konsumenter samt effektiva rättsliga spelregler« (party programme ↗)“well-informed consumers and effective legal rules”
• irresponsibility is rejected»En ekonomi präglad av inflation och spekulation, ansvarslöshet och egoism, är därför motsatsen.« (party programme ↗)“An economy characterized by inflation and speculation, irresponsibility and egoism, is therefore the opposite.”
• integrity in business»Hederlighet och personligt ansvarstagande är« (party programme ↗)“Integrity and personal responsibility are”
• consumer protection against aggressive selling»aggressiva marknadsföringsmetoder ska motverkas« (party programme ↗)“aggressive marketing methods shall be countered”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

The plan does not address credit assessment, but it is clear that new regulatory burdens should be avoided and that EU directives as a general rule should be implemented at the minimum level without Swedish over-implementation. Placing expanded economic responsibility on lenders in debt enforcement is precisely such a national addition beyond the directive now being implemented. The plan moreover rests on contractual freedom and on the legal system upholding concluded contracts.

• EU directives at minimum leveldecisive»motverka överimplementering i Sverige av EU-beslut« (2022 manifesto ↗)“counteract over-implementation in Sweden of EU decisions”
• reduced regulatory complexity»Ta bort en tredjedel av företagens administrationskostnader och en tredjedel av regelkrånglet« (2022 manifesto ↗)“Remove one-third of companies' administrative costs and one-third of regulatory complexity”
• contractual freedom»enskilt ägande och avtalsfrihet« (party programme ↗)“private ownership and contractual freedom”
• legal system upholds contracts»För att lösa tvister, upprätthålla kontrakt« (party programme ↗)“To resolve disputes, uphold contracts”

The plan does not address consumer credit or wage garnishment. The closest underlying principle is a responsible and regulated market economy and that systems that encourage abuse shall be countered, together with the ambition to increase household economic security. Placing greater economic responsibility on lenders who fail in credit assessment is consistent with this, but the conclusion is derived from general principles.

• responsible regulated market economydecisive»reglerad marknadsekonomi, byggd på långsiktigt tänkande, är för oss självklar.« (party programme ↗)“regulated market economy, built on long-term thinking, is for us self-evident.”
• counter harmful incentives»Både fusk och sådana system som tenderar att locka till fusk och korruption ska motverkas.« (2022 manifesto ↗)“Both fraud and systems that tend to encourage fraud and corruption must be countered.”
• economic security for households»Öka den ekonomiska tryggheten för löntagare« (2022 manifesto ↗)“Increase economic security for wage earners”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.