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Number of Bulgarians With Bad Credit History Increases

Business » FINANCE | April 24, 2014, Thursday // 14:38| Views: 974 | Comments: 0
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Bulgaria: Number of Bulgarians With Bad Credit History Increases File photo.

The number of Bulgarians seeking new credits, with bad credit history reached 18% in March, shows data of the company Credit Center. 

The check ups in the National Credit Register showed that the problems vary from unpaid credits or parts of credits to periodical defaults. 

In the previous six months the share of people with problematic credit history varied between 13 and 16%. 

“Sometimes the problems with credit history are caused by insufficient control of people over their finances,” said Tihomir Toshev, executive director of Credit Center, quoted by Bulgarian-language media. “Often people are unaware that the monthly net cash in their accounts does not cover the payment on the credit. Sometimes it's just a matter of a few leva, but it is still noted in the credit history.”

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