According to several studies, most often micro-loans are taken by young people with higher education. At the same time, young people take larger sums than people over 30 years old. And people who have received higher education are more often given a payday loan than the rest.
Throughout last year, the average loan amount did not stop growing. Only in the first half of 2018, it grew from 8 thousand to 10 thousand rubles. It is believed that this was due to the fact that more and more often young people began to apply for loans. Last year, borrowers under 30 became more than half of those who applied. Of course, the growth of loans was also influenced by beneficial economic factors: income growth among the population and, consequently, rising costs.
Payday Loan dont have strict rules on higher education to have a granted loan
People with higher education are more often granted a loan than borrowers who have not received it. Although Payday Loans do not have strict rules regarding higher education, having a potential client increases the opportunity to receive a larger amount.
Average amount of borrowers with higher education is ..
Therefore, the average amount of borrowers with higher education is greater than that of people without it. Thus, the average check for Payday Loan clients who have graduated from a higher education institution is more than 15 thousand rubles, and the rest is about 10 thousand rubles. It turns out that Payday Loans are more willing to issue loans to such clients, and they, in addition, take the amount more than others.
Educated people are more financially disciplined?
It is believed that people with higher education are more financially disciplined and know how to handle money and debts better. When an Payday Loan representative sees such a person, he expects that a potential client knows better how much he can handle and that he will not commit delays.