It was translated using Google Translate
A study conducted in October 2016 by KRUK in Poland, Romania, the Czech Republic, Slovakia, Germany, Italy and Spain revealed similarities and differences in how citizens of these countries relate to the personal debt problem.
When asked what they would do, left without money, 16% of Romanians said they would use their savings to cope with the situation.
At the same time, 12% of Romanian citizens would use the help of their families to cope with financial difficulties. 11% of Germans would do the same, while 29% of German citizens would use their savings to get out of a difficult situation.
27% of Italians would also take advantage of the savings if they had to pay off debts. About 20% of Romanians would inform the creditor of a change in their financial situation and try to come to an agreement on the amount of monthly payments. For comparison, only 13% of Germans and only 9% of Italians would also have acted.
The most popular way to solve the problem with cash is personal savings. This method is most often used by residents of rich countries such as Italy and Germany. Poles very rarely mentioned this method of solving financial problems, which is most likely due to the fact that their accumulations are very small. On the other hand, the Poles announced their intention to take advantage of such a financial instrument as payment of current debt by installments, a way that more than half of European respondents do not shy from. They are also predisposed to take advantage of the help of family and friends.
Resolving financial problems by contacting a creditor and paying installment debt is the most frequently mentioned action by debtors in the countries that participated in the study. However, 25% of Italians and 19% of Czechs, which is more than the average European indicator, would prefer to avoid contact with creditors.
KRUK Group conducts annual comparative sociological research in all markets in which it operates.