A lot of Poles live here and now. It turns out that, as a nation, we do not plan our future, not even in the near future. How does this affect Poles’ debt?
According to the employees of the National Debt Register, Poles’ debt is primarily fostered by the desire to live above average. Which significantly affects the excess of loans that we take in banks. The biggest danger is the thought: “we can’t afford it, but we must have it.” According to information provided by debt collection companies, Poles often get into debt because they want to buy the latest electronic equipment or a car.
This is probably due to the fact that in recent years Poles have increasingly better access to electronics, store offers are expanding from year to year. Unfortunately, we often operate on emotions and do not make any home balance, i.e. our expenses and monthly income.
Poland’s debt is also affected by other situations
Such as unexpected job loss or divorce resulting in a difficult housing situation. In the case of family businesses, dishonest contractors often contribute to the debt.
Unfortunately, many people are unable to pay their liabilities. In this way they fall into a spiral of debt, from which it is not easy for them to get out. We have learned that the record holder at KRD has to give up USD 43.3 million! There are many extreme cases on KRD lists with very high debts.
It turns out that older people in Poland aged 50-59 are most often in arrears mainly with rents, payments for electricity, water or gas. Younger people aged 36-49 have arrears related to the Internet, telephone or television. It turns out that these debts usually do not decrease from year to year, but increase.
Unregulated liabilities are still the most common in the case of loan installments. According to BIK data, on average the largest liabilities are in the Kujawsko-Pomorskie, Zachodniopomorskie and Lubuskie voivodships. In turn, residents of the Lubelskie, Podkarpackie and Podlaskie voivodships have the smallest liabilities.
This is certainly due to cultural differences in these voivodships. In the eastern part of Poland people are very attached to their land, these people were slightly culturally raised and they also care about their credit obligations . In the western part of our country this situation looks slightly different. It turns out that the debtors are mostly men.
Loans for people working in Brazil or other countries where there is a large Polish diaspora are increasingly granted in Poland. It is worth remembering that the emigrant will not avoid paying his debts by traveling abroad.
The Polish government is not an example in terms of debt, but on the contrary it is a reflection of indebted society. All you need to do is review the CSO data to see Poland very much as a society in debt.
Of course, some Poles regularly pay their debts, but a large part, unfortunately, belongs to the second group.
It is worth remembering that getting out of debt is not easy. However, the first step in this direction is usually the most difficult. First of all, you need to make a responsible decision.