Finansinspektionen has introduced new general advice that means stricter checks for consumers buying on credit online. The rules are proposed to take effect on 20 November 2026. The background is the EU Consumer Credit Directive.
Companies must collect more data on incomes, expenses and debts. This includes the monthly cost of all debts a consumer has. Finansinspektionen assesses that virtually all consumers applying for credit from licensed companies will be affected.
SweFinTech Secretary General Roslana Cederhage warns that it will be difficult for many groups. She mentions in particular people with low pensions or low incomes. All types of digital credit purchases must undergo a credit assessment every time regardless of amount.
The authority writes that somewhat fewer credits may be granted if the repayment period or amount is not in reasonable relation to the consumer's finances. This mainly concerns smaller credits to low-income earners. A national debt register is missing in Sweden which complicates data collection.
