Bulgarians pay electricity and central heating bills with fast loans

Electricity and central heating bills are the most frequent reasons for people to borrow fast loans, accounting for more than a third of all such loans in the July-September period and registering a 62% increase, compared to the same time of last year, BTA announced on Sunday, citing data from the finance company. In 2011, fast loans for such purposes were 28% and have now increased to 36%.

The other most common reasons for drawing fast credits are housing repairs and furnishing (26%), turnover capital for businesses (8%), medical treatment and purchase of medicines (7%). People who ventured to borrow fast credits to fund a vacation or a trip accounted for 6% of all fast credit clients.

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