Financial education of Poles – Online Loans

April 12, 2016 As shown by the recent MillwardBrown survey carried out at the request of the Credit Information Bureau and the Dumon Foundation at Citi Handlowy, as much as 39 percent. Poles describe their knowledge of financial issues as weak, and 43% estimates that it is average. In fact, the data is even more worrying. While 62 percent respondents declare they know the concept of creditworthiness, and every second claims that they know what financial credibility is, they already have 58% and 78%, respectively, about scoring credit possibilities or APRC. 

Terms such as consumer bankruptcy, debt loop or credit history also pose problems. When diagnosing the state of Poles’ financial knowledge, it is said that it is necessary to increase the number of information and educational campaigns, introduce a lesson in the scope of entrepreneurship and economics from an early age. But all in all, talking about this problem ends. Unfortunately.

Online loans

Online loans

For at least two years online loans, or colloquially called payday loans, have been becoming more and more popular. An example of such online payday service is the ofin.pl brand, which is characterized by high network recognition and considerable popularity among users under the age of thirty. Payday loans are often associated with society by creating a debt loop and an expensive loan, commonly known as usury.

However, nothing more wrong, the solution offered by an online loan is to increase the chance of quickly getting the cash you need, and if we only know that we can afford it and when we make decisions, we are sure that we will pay the loan on time, we have no reason to worry that using payday pay offer will get us in any trouble.

Trusted loan brands

Trusted loan brands

However, how can we know that we are dealing with a company that does not prey on our insufficient knowledge and that we will not be used in some perverse way by fraudsters? Let’s only trust proven brands that use the motto of responsible lending in their activities, which in the same way represent associations or associations associated with the highest standards of online lending in Poland. The responsible lender certificate granted by the largest news service from the non-bank Loan Magazine market can be a kind of guarantee of the quality of services provided by a given loan brand.

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