About financial literacy

About financial literacy

About financial literacy

About that it is necessary to increase financial literacy among the population, today write and speak both analysts, and various publicistic editions. They are supported also by bankers, fixing steady growth of this indicator. However how to cost much to borrowers of increase of this literacy, they try not to mention. And meanwhile, people acquire all the knowledge from the, sometimes quite bitter, experience.

Quite often people agree on consumption of credit services, without having thus knowledge necessary for this purpose. Thus, than less sum of the credit, subjects smaller number of people finds time to read those documents which they sign, making out the credit. Though not all read even those agreements which sign, making out large loans. After signing of this credit agreement, people starts to bring monthly payments and understands that it has no money for it. Delays and delays of payments, and subsequently and their termination begin. And here the citizen already has the serious troubles connected with the taken credit.

When on the borrower the duty on much exceeding the credit sum already hangs, he starts to understand that with loan registration it got excited and that it was necessary to read the agreement much more attentively and not once. And also carefully to weigh the financial possibilities. However this understanding any more will not change the created situation. Having got into difficulties, people start to collect information on how to leave this situation. But unless it was impossible to collect all necessary data still before taking the credit?

In the so-called capitalist countries people study any consumption of credit services since the childhood. Making out the first credits, they at first go to the adviser. Our fellow citizens concerning the credit consider consultation as waste of time and means. As a result of it the quantity of the problem credits increases, the number of the spoiled credit stories grows. However along with it, financial literacy of the population grows. As they say in the people – it is better late, than never.

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