Interest
The interest rate is 7.50% per year
This is how much debt grows in five years
How interest accrues on your debt
Interest accrues on the principal (the original debt without interest) and on fees. It does this on a daily basis (day-to-day interest). This means that your debt grows every day.
We calculate the interest from the first day of the month after we have been tasked with collecting the debt from you.
The interest is not tax deductible.
| Period | The debt collection interest rate |
|---|---|
| July 8, 2024 - | 7.50 % |
| January 8, 2024 - July 7, 2024 | 7.75 % |
| July 7, 2023 - January 7, 2024 | 7.25 % |
| July 1, 2023 - July 6, 2023 | 5.9 % |
The interest rate is normally adjusted semi-annually.
Debt at other interest rates
The interest rate may be different if:
- the interest rate was agreed by you and your local authority
- the interest rate is expressly stated in a loan document. You will remain liable to pay the agreed rate instead of the debt collection interest rate.
- you have debt abroad
Debt without interest
Some debt for collection is interest-free. This applies, for example, to criminal fines and debt that is unresolved for us.
What you need to know about interest rates
Please see our legal guide (in Danish) for further legal information.