Online Payday Loans Bad Credit History -Newviewpublications.Com Payday loan consolidation companies Loans: increase those required for debt consolidation and medical expenses

Loans: increase those required for debt consolidation and medical expenses

The requests for personal loans for debt consolidation, the purchase of furniture and medical expenses increase, while those for the renovation of the house decrease.

These are the first evidences that emerged from the joint observatory of Tactole.t and, based on a sample of over 150,000 applications for funding *, according to which, during the first 10 months of the year, Italians who aimed at a credit company have tried to get on average 10,334 euros, 0.8% more than the same period last year. Increase that, we read in the analysis, has also resulted in a lengthening of the average amortization plans, which went from 60 to 62 installments.

Italians therefore continue to resort to credit companies, but change priorities ; examining the personal loan requests in which the petitioner has specified the purpose, it emerges that the first motivation that prompted Italians to apply in the first 10 months of the year is the purchase of a used car (22%), while loans for home renovation (21%) are slipping to second place, losing 4.3 percentage points compared to the same period last year.

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On the other hand, there was a sharp increase in applications for personal loans for debt consolidation, which rose from 9.5% in 2017 to 13.1% in 2018, and those to pay medical expenses, the percentage of which grew by over one year. third, rising from 3.7% in 2017 to 5% in 2018.

“In the last year there has been a change in the motivations that have pushed Italians to ask for a personal loan”, explains Andrea Bordigone,’s loan manager “if on the one hand the increase in debt consolidation tells us of a greater awareness of the opportunities to manage the debt more correctly; on the other hand, we can not fail to notice how the requests for personal loans destined to cover medical expenses are taking on ever greater weight ».

The amounts that the applicants tried to obtain also varied compared to the first 10 months of 2017. The average amounts required for debt consolidation increased (€ 17,538, + 9% ), training (7,040, + 12%) and travel (€ 4,692, + 13%). On the other hand, the sums requested for personal loans destined for the “home” decreased, such as the purchase of real estate (€ 21.025, -20%) and the home renovation (€ 13.281, -13%). Chiaroscuro situation for personal loans for the purchase of furniture ; they are asking for more (their percentage weight has increased from 7.1% to 8.8%) but the average cut has decreased (down by 4% and stabilized at € 8.443).

Looking at the profile of the applicants, it emerges that those who applied in the first 10 months of 2018 had, on average, 42 years ; the most represented registry category is that of under 35, which is responsible for almost 1 third of requests (31.9%), followed by applicants between the ages of 35 and 44 (31.5%) and those in the 45- 54 years (23%).

Interesting data emerge from the applicant ‘s sex analysis; the percentage of applications for funding presented by women is still marginal (about 28% ) and differences remain on the average amounts requested by the two sexes, with men aiming to obtain, on average, 10% more than the fair sex (10,612 euros against 9,633 euros).

In relation to the applicant’s job position, in 75% of cases, an application is made with a permanent contract, in 14% an independent worker or freelancer and 5.5% a retiree.

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