Christmas advertisements, decorations in shops and decorations hung on the main city streets and pedestrian streets remind us more and more about the upcoming Christmas. This is a hot period for the Newech industry, which is experiencing a real boom in December. IndusCom and BillSite check what the holiday season looks like in the world of finance and technology.
Interest in online loans increased significantly
December is not only a period of holiday preparations. It is also a time of multiple expenses. We are looking for gifts, we start thinking about the Christmas menu and look for beautiful decorations that will soon decorate our home. Each visit to the shopping center ends with packing the next packed bags to the car. Where do you get the money for it? The budget will eventually run out. On average, we spend PLN 812 on Christmas. By adding monthly fees and expenses for everyday life, you may not have enough money. Then quick loans come to our aid. As research shows IndusCom and BillSite, interest in loans during the holiday season increases by 27 percent. It is impossible not to notice more new customers. In the pre-Christmas period, loan companies gain as much as 15 percent. new borrowers interested in obtaining financial support on favorable terms.
Who usually takes holiday payday loans?
Although organizing Christmas is the domain of women, taking payday loans belongs to men. Among the borrowers, the largest group is made up of gentlemen (55 percent), the ladies are in a smaller proportion (45 percent). The age of non-bank institutions’ clients is in turn between 35 and 50 years old. People applying for additional funds to support their budget want to enjoy a wonderful, festive atmosphere. A quick payday loan is the best help for them for Christmas. They can easily buy their dream presents, which usually include books, jewelry, electronics and cosmetics.
Remember to pay your holiday commitments
Although Christmas is a magical time, the loan will not pay off itself. According to figures, the average repayment of loans that we take in the pre-Christmas period is 83 percent. Failure to settle obligations is associated with the need to incur unpleasant consequences. This is additional interest, debt collection proceedings and even – a bailiff’s visit. It is better to guard against this, so that Christmas passes without unnecessary worries. It is worth familiarizing yourself with the rules of taking loans for the holidays.
“If your wallet begins to glow empty, consider a loan. Responsible borrowing can save our finances and help us prepare Christmas. Let’s just remember to settle the liability on time – only in this way will the loan be a budget support, not an additional burden, “comments by one of the expert analyst at IndusCom.