The citizens of Croatia patch up the end of the first to the first of the month. More than 20 percent of them are regularly late in paying their monthly obligations, and as many as 60 percent of Croats have no savings and cannot bear unforeseen expenses. And unplanned expenses cannot be escaped, whether it be small household repairs, weddings or a car breakdown. These are inevitable breakdowns that occur as a result of wear and tear, so it is logical that they should be repaired. Some would say nothing new in the Croatian market, given that nearly 50,000 workers are working at a minimum and living costs are double the minimum.
Financial illiteracy generates debt
In addition to poor living conditions, the financial literacy of citizens is to blame for this situation. Ignorance and a cautious attitude towards money, encourage debt accumulation. Financial experts say Croats love to look good and try their best, and even if it exceeds their capabilities, they may not act more affluent than they really are. Behind this preoccupation with public perception is actually hiding empty bank accounts.
What are loans to the rest of the income
It is not surprising, therefore, that there is increasing demand for all types of loans, loans and loans. Borrowings have appeared on the market for the rest of the income, which are intended for citizens who are already indebted but have high enough incomes. This means that they have sufficient funds to borrow on the remainder of their earnings, even if their already existing borrowings exceed one third of their existing net earnings.
The term residual income means a net salary or pension, less any debt we currently have. This balance is divided into three one-part portions and one-third represents the potential monthly installment of a loan, loan or loan.
Indebtedness does not play a role in raising a loan for the remainder of the proceeds, but it is important that the client regularly and regularly settles all existing debts. Which means that citizens who are under arrest, have a secured account or whose account is blocked are unable to borrow on the rest of their income.
Advantages and disadvantages of lending to the rest of the income
The limiting factors when applying for a loan for the remainder of the receipt is that most banks ask the client for confirmation from the employer that he has been employed for a minimum of six months indefinitely. In addition, loans to the rest of the proceeds are given a short repayment period, which is a problem for some clients, while others see this form of money lending as an advantage. The advantage is that they can repay the loan in the short term and, if the need arises again, request it again.
Who can all apply for loans to the rest of the income
In addition to permanent employees, credit houses also provide fixed-term loans to part-time employees. Their terms are more flexible than banking institutions. The most important is the financial orderliness of a potential client, that is, he has regular income and regularly settles his debts. This opens up a whole new market for clients who have been neglected by type of employment so far.
Retirement applicants can also apply for a loan for the remainder of their income. Of course, the benefits are those retirees who have higher incomes than those with foreign pensions.