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Bulgaria Credit Center Book of Records

Business | August 21, 2008, Thursday

Bulgarians nowadays are using credit for everything including election campaigns or Roma weddings, according to data published by Credit Center.

Despite the fact that consultations for individuals applying for a loan are free, customers have offered various gifts to the credit consultants and loan officers, including a case of tomatoes or a parachute jump.

The Credit Center Book of Records includes a retired actress with a monthly income of BGN 120 applying for a BGN 800 loan to pay her electricity bill, who had offered her country house to express her gratitude.

A candidate for mayor has obtained a loan of BGN 50,000 for his election campaign while a modern Roma family has asked for and have received BGN 3000 in order to plan their wedding. The loan officer has, of course, been invited to the wedding.

Other gifts include handmade knit slippers, homemade red wine and milk.

A pregnant customer managed to give birth while waiting for her loan application to be approved while a young couple applying for a mortgage had to cancel the application because meanwhile they decided to split.

Other credit records include a customer who received a mortgage loan of EUR 500,000 for an apartment in Sofia to be repaid over the course of 25 years with monthly installments of EUR 3,500. Another customer has obtained a second mortgage to repay his other debts amounting to BGN 45,000, four credit cards with debts of BGN 12,00, leasing for BGN 28,000, refinanced with a second mortgage for EUR 55,000.

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Author: Buddy, 21 Aug 2008 15:47:45
Bulgaria Credit Center Book of Records
Thats good!!! After years of bullshitting by various financial institutions, now obviously from the creme de la creme to the bottom, human beeings are free to use the facilities of a democratic credit system!
Author: Bai Tashko, 21 Aug 2008 18:39:08
Bulgaria Credit Center Book of Records
"...a mortgage loan of EUR 500,000 for an apartment in Sofia to be repaid over the course of 25 years with monthly installments of EUR 3,500..."

The interest rate for that loan equates to approx. 6.9% PA, while the prevailing rate is BG is 8-9%. Definitely worth offering a case of tomatoes to the loan officer

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