Interest
Interest rate development from 1 July 2023 to today
| Period | The debt collection interest rate |
|---|---|
| January 8, 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.
When we receive your debt for collection, the debt collection interest rate is calculated as from the first day of the following month. The interest is accrued as simple day-to-day interest on the principal (the original debt without interest) and fees (e.g. reminder fees).
Debt without interest
No interest is added to fines imposed under the Danish Penal Code.
Exceptions - agreed interest
In case of debt where the interest rate was agreed by you and your local authority (for instance housing allowance loans), or where 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.
Where can I see how much interest has been charged?
You can see the interest in the debt summaries that we send with most letters. You can also contact us to get information about the interest.
Who receives the interest?
Any interest charged is paid to the party who is owed money as compensation for the late payment. Any fees charged in connection with debt being collected, such as a fee for withholding pay, go to the Danish Debt Collection Agency. The same applies to interest on fees.
Please see our legal guide (in Danish) for further legal information.