Consumer lending has long been surrounded by a large number of myths and stereotypes. From time to time, scary stories about falling into a "debt hole", cruel collectors and the impossibility of living a normal life after receiving a loan appear on the Internet. At the same time, in most cases, such stories either do not correspond to reality or indicate an inability to correctly assess one's financial capabilities and plan a personal budget. We have compiled a list of the five most common myths that still prevent Russians from correctly using the advantages of bank consumer lending.
Where do myths about loans come from?
The answer to this question is simple: myths about loans are uk mobile database generated by banal financial illiteracy. According to analytical studies conducted in 2022, only about 10% of Russian residents demonstrate a truly high level of financial literacy. The overwhelming majority of the population continues to spread myth after myth, which quickly spreads on the Internet and is firmly entrenched in the minds of Russians, who are afraid of the "dangerous consequences" of consumer loans like fire.
Another fact is that most likely another myth about "dangerous" lending comes from people who have never actually applied to a bank for borrowed funds. At the same time, experienced borrowers who have more than one successfully closed consumer loan will tell you the exact opposite. For example, that using bank credit funds, provided that the debt is repaid on time, significantly improves the CI and increases the credit rating.