Adult
Got your qualification and started your career? Or have you just entered university? Have you moved out on your own? Answer the questions in this quiz to check your financial management skills!
Question 1 / 10
What things does the enforcement authority do?
Right!
The tasks of the enforcement authorities include collecting monetary receivables and enforcing evictions and preventive measures. The enforcement authorities are neutral and protect the rights of both debtors and creditors. The enforcement authorities are obliged to advise you if you have debts in enforcement and need help with them.
Wrong!
The tasks of the enforcement authorities include collecting monetary receivables and enforcing evictions and preventive measures. The enforcement authorities are neutral and protect the rights of both debtors and creditors. The enforcement authorities are obliged to advise you if you have debts in enforcement and need help with them.
Question 2 / 10
Do debts expire?
Right!
All debts have a period of limitation provided by law. The length of the period depends on the type of debt. Debt can expire on several grounds.
Wrong!
All debts have a period of limitation provided by law. The length of the period depends on the type of debt. Debt can expire on several grounds.
Question 3 / 10
What happens if a debt is not paid regardless of payment reminders?
Right!
The creditor can get a district court judgment for transferring the debt to enforced collection. The creditor can send some debts, such as fines, taxes and health care fees, directly to enforcement, however.
Wrong!
The creditor can get a district court judgment for transferring the debt to enforced collection. The creditor can send some debts, such as fines, taxes and health care fees, directly to enforcement, however.
Question 4 / 10
What is a payment default entry?
Right!
A payment default entry results from an unpaid debt and is entered in the credit information register. A payment default entry can make many things more difficult, such as getting a mobile subscription, a student loan or a job. Bills normally have to be unpaid for a long time before you get a payment default entry.
Wrong!
A payment default entry results from an unpaid debt and is entered in the credit information register. A payment default entry can make many things more difficult, such as getting a mobile subscription, a student loan or a job. Bills normally have to be unpaid for a long time before you get a payment default entry.
Question 5 / 10
What consequences can a payment default entry have?
Right!
A payment default entry can make many things more difficult, including renting a flat and getting a mobile phone, student loan, job or insurance. A payment default entry can also make it more difficult to get a credit card or loan.
Wrong!
A payment default entry can make many things more difficult, including renting a flat and getting a mobile phone, student loan, job or insurance. A payment default entry can also make it more difficult to get a credit card or loan.
Question 6 / 10
What does an "eviction" mean?
Right!
People can be evicted for reasons such as unpaid rent. An eviction will be carried out if the person has not moved out of the flat by the date specified in the eviction notice. An eviction can be carried out even if the person being evicted is not at home. The lock is also changed to prevent the former occupant from re-entering the flat.
Wrong!
People can be evicted for reasons such as unpaid rent. An eviction will be carried out if the person has not moved out of the flat by the date specified in the eviction notice. An eviction can be carried out even if the person being evicted is not at home. The lock is also changed to prevent the former occupant from re-entering the flat.
Question 7 / 10
You have bought a phone on instalments and have now lost it. Will you have to keep paying the instalments for the phone?
Right!
The obligation to pay the instalments will continue even if the product is broken or lost. If you neglect to pay the instalments, they can be collected through enforcement.
Wrong!
The obligation to pay the instalments will continue even if the product is broken or lost. If you neglect to pay the instalments, they can be collected through enforcement.
Question 8 / 10
You missed your moped's traffic insurance payment four years ago. For how long can the debt be collected?
Right!
Every debt has its own limitation period. A moped motor insurance premium is a debt governed by public law, which becomes time-barred in five years. The insurance premium will become finally time-barred when five whole calendar years have passed from its due date.
Wrong!
Every debt has its own limitation period. A moped motor insurance premium is a debt governed by public law, which becomes time-barred in five years. The insurance premium will become finally time-barred when five whole calendar years have passed from its due date.
Question 9 / 10
Can a student's income be garnished?
Right!
Student grants, student loans and housing supplements are not garnished. If a student is earning wages, they can be garnished. When a student loan falls due for repayment, it can be collected through enforcement if not paid.
Wrong!
Student grants, student loans and housing supplements are not garnished. If a student is earning wages, they can be garnished. When a student loan falls due for repayment, it can be collected through enforcement if not paid.
Question 10 / 10
You have completed your studies and your student loan has fallen due. Can the due student loan be collected through enforcement?
Right!
If the Social Insurance Institution of Finland (KELA) has paid the loan to the bank as the guarantor, the amount can be collected from the debtor through enforcement if necessary.
Wrong!
If the Social Insurance Institution of Finland (KELA) has paid the loan to the bank as the guarantor, the amount can be collected from the debtor through enforcement if necessary.
Result: 0 / 10
It didn’t go so well…
You got more incorrect answers than correct ones, but don’t give up! You can go to National Enforcement Authority Finland’s website to improve your knowledge of enforcement and the management of your personal finances.
That’s great!
Fantastic, you have good knowledge of enforcement and the management of your personal finances! You can read more about enforcement on National Enforcement Authority Finland’s website.
Great!
Well done, you are pretty familiar with enforcement and the management of your personal finances! You can read more about enforcement on National Enforcement Authority Finland’s website.
A little more to improve!
You got more incorrect answers than correct ones, but don’t give up! You can go to National Enforcement Authority Finland’s website to improve your knowledge of enforcement and the management of your personal finances.