According to a recent study, it appears that over 75 percent. Poles aged 18-64 took a loan or loan at least once in their lifetime.

Most often, they were taken for home appliances and electronics, home renovation and buying a car. Three out of four Poles have debts in the bank in the form of consumer, car or mortgage loans.

Why do we decide on a loan?

Polish consumers decide on loans, because the thing they want to buy is too expensive to afford it immediately (44%), they have caught up with temporary financial problems (29%) or have unforeseen expenses that have absorbed previously collected money (27%) – was informed in the results of the study.

Three-quarters of the respondents are indebted to banks, 20 percent. uses installment purchases. A statistical Pole has an average of 1.6 commitments to a bank, loan company, family or friends. Repaying all obligations would require an average of two years of income.

Around 42% of the respondents believe that loans are natural, provided that they decide to take them consciously and are able to repay them. Nearly 40% claim that they avoid debts, and if they have them, they try to settle them as soon as possible. Almost 37 % prefer to wait with the purchase to collect the amount, that they need and not to get into debt. Nearly 20% of Polish consumers consider loans as dangerous, because through them you can easily fall into the debt loop.

Among the debt to banks, cash loans are predominant (nearly 60%). Every third of Polish consumer is indebted on a credit card, and almost one in four people took out an installment loan for the purchase of home appliances and electronics. Nearly 22% decided on a mortgage loan.

The survey was conducted on a representative sample of Polish buyers in two groups – people of working age (18-64 years) and pensioners (over 65 years). The main goal of the study was to find out why Polish consumers are in debt, what they spend on borrowed money and how they deal with the repayment of debts.