The National Bureau of Credit Histories has extensive information on loans, loans and borrowers in our country. Specialists of this organization often conduct research and know well who more often borrow money. So, according to another study, it turned out that the Republic of Bashkortostan has been the record for the total amount of payday loans received over the past few years. This region even overtakes the capital of Russia. According to experts, by the middle of this summer, 7.7 billion rubles were issued in Bashkiria, and in Moscow, 1 billion less.
Many Payday Loan clients are not shy about sharing their experiences in borrowing money. They tell under what circumstances they needed additional funding. Some have decided to take a loan to improve their credit history. Someone liked the simplicity of design, the speed of decision-making by the company. Someone did not have an ideal CI, and could not get a bank loan. And someone did not have time to repay the bank loan on time, and had to borrow.
Statistics say that more often women are in debt. The margin is not significant, about 5 – 8%, but permanent.
Most often, both men and women take the so-called “loans to payday”. They are convenient, you can get them quickly, and approve them much more willingly. But, unfortunately, it is in this segment most of the delinquency. People are less responsible for such loans because of small amounts, forgetting that payments should be made more often than in a bank. In case of delay, almost any Payday Loan charges a fine to the borrower and using the services of unscrupulous companies, the borrower could have a total debt several times higher than the amount he took.
Today, the BBP Bank and the state are trying in every way to protect the consumer of payday loans, and not so long ago several amendments to the law were issued, which spelled out the maximum amount over which the debt could not increase.
Get a payday loan very often come state employees, pensioners and ordinary workers. Thinking about the protection of such citizens, it is necessary at the legislative level to establish rules and requirements for all processes related to the issuance of loans and the procedure for calculating interest.
Some financial experts believe that such a high demand for payday loans in Bashkiria indicates that there are problems among the inhabitants of this region. According to several studies in the region, incomes for all residents have simply decreased. Banks, given the situation, stopped issuing loans and people go to the Payday Loan.