25 percent of Dutch households late with payments

29th November 2008, Comments 2 comments

One quarter of all Dutch households are late with payments in one form or another.

29 November 2008

THE NETHERLANDS – Deputy Minister for Social Affairs and Employment has written to the Dutch parliament to say that he does not know many problematic debts this involves, but that he would like to investigate further.

The payments he was referring to include bank accounts in the red, overdue accounts and credit card debts. Mortgages were not included. 

The minister noted that particular groups of people had more such problems than others. These include the unemployed, young people, single parents and individuals with limited education.

[Radio Netherlands / Expatica]

2 Comments To This Article

  • Dorothy posted:

    on 2nd December 2008, 08:54:30 - Reply


    The truth is the economic crisis is also in Holland and this report makes me wonder if it is not deliberate that they decide not to spell it out yet to avoid panic. For sure 1. they definitely know a lot more than they are letting out. 2. They do not have a clear picture of where its headed and have no clear solution. Hence the silence.
  • historytechdoc posted:

    on 1st December 2008, 15:00:14 - Reply

    Not including mortgage late payers and retired pensioners in this analysis makes one think that Deputy Minister for Social Affairs and Employment needs more input before issuing such a report. Including these two groups would give us a better profile as to where more government action needs to be taken.

    Frankly, the Rabobank and other major mortgage lenders need to explain why they still have not lowered their interest rates in tandem with the reductions made by the ECB.