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    How long before a consumer debt expires in Finland?

    Limitation periods for everyday debts.

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    Short answer

    According to KKV, most debts become time-barred three years after the due date, unless the creditor interrupts the limitation, for example by sending a reminder or a demand. Each interruption starts a new period. However, a private individual's monetary debt to a company becomes finally time-barred no later than 20 years after the original due date, even if the limitation has been interrupted.

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    Why

    1. KKV states that most debts expire three years after the due date unless interrupted.
    2. Private individuals' monetary debts to companies become final no later than 20 years after the due date.
    3. KKV lists limitation together with other rules of the collection process.

    Details

    Starting a claim at the Consumer Disputes Board also interrupts limitation, as does a court claim. Keep copies of all letters about the debt.

    Tip

    If an old debt resurfaces, check the original due date and the dates of any reminders before you pay.

    What may differ

    Some debts, such as those confirmed by a court, follow different rules. Ask the Consumer Advisory Services or the Debt Advice service.

    Common misconception

    An unpaid bill disappears on its own after a year.

    What actually happens

    The basic limitation period is three years, and the creditor can interrupt it.

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    Sources

    This answer is for reference only. Consumer rules can change and cases differ, so check KKV or the Consumer Advisory Services.

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