Citizen in Denmark - Ny i Danmark

Hiring and buying on creditMany shops offer customers the possibility of hiring goods,especially expensive ones. These may be refrigerators,freezers, television sets and computers.If you leave the country before settling your debts, companiescan collect the outstanding amount through the debt collectionagencies with whom they collaborate.Charge cardMany shops have account systems that enable customersto buy on account. It is the individual shop that assesseswhether they will issue you with a charge card.ECONOMY AND CONSUMPTIONBuying on creditOther shops offer customers the possibility of buying oncredit. In principle, this means you are borrowing moneyat a fixed rate of interest. You should be aware that theseinterest rates can be very high. At the same time, you haveto pay a charge for setting up the credit loan.Check the contract carefullyIf you hire or buy on credit, you will have to sign a contractoutlining the terms and conditions. It is important that you readthe contract carefully - or have someone else explain - thecontract to you so that you avoid any unpleasant surprises.Breach of contractIf you fail to pay the interest payments or your instalments,you risk being listed as a bad debt. This means that you cannot hire or buy on credit again - either from the person towhom you are in debt or anywhere else.113