Five types of debtors
The reasons for indebtedness are different, as do the reasons for non-payment of financial obligations. As it turns out, the key factor is not the wealth of the wallet, but the beliefs of people about paying off debts. However, managing your home budget is important. Due to these factors, you can divide indebted into five main groups: forgetful, indebted to others, lost, carefree and avoidant. People from the first group, as the name implies, simply forget about the obligation to pay their debts on time. After reminders, however, they pay back the loan without major problems. The second group draws payday loans due to the necessity, for example, of treating loved ones. The lost may include the elderly or less educated. Their incomes are usually low, barely enough to support themselves, not to mention any savings. However, most people are included in the “carefree” group. It includes overly wasteful people who, despite good earnings, are unable to maintain financial liquidity. They can spend their entire salary on a momentary whim, and then apply for a loan rather than limit their needs. The situation is similar in the case of debtors “avoiding”. They belong to 12 percent. respondents who focus on spontaneity and are rather reluctant about the future.
The rich borrow the most
Confirmation that the most affluent people lend is even the fact that the number of debts counted in millions is constantly growing. A person on a low income is not able to accumulate such resources, because it involves obtaining high-value loans that cannot be granted only to people with low creditworthiness.. Often, this is also the effect of combining private finances with business operations.
What hits Poles’ wallets the most?
Part of the unpaid debts is indeed related to material problems, but the bigger problem are cases when the debtor does not feel the obligation to pay the debts. The most important issue in this case is the systematic and consistent education of society.