It is not difficult to imagine for what purposes young people are so often prepared to spend large sums of money. Human youth is not only a number of years, but also very high demands on the quality of life and entertainment. Immediate cash is most easily obtained by borrowing, but paradoxically, those who crave the most for a fast loan are the hardest to get.

The main concern of creditors is to satisfy their customers’ wishes

But without losing their funds. In these circumstances, it is also in the best interest of the client to meet the optimal, solvent and responsible type of client.

A young adult who wants to exercise not only his political choices but also his economic sovereignty is not necessarily the preferred recipient of the service. The credit, which should be given to young people between the ages of 18 and 24, is considered an insecure measure because of the so-called ‘risk group’ within these age ranges.

A young person is unlikely to have a dangerous credit history and, through his or her active lifestyle, can use a cell phone connection, find a reliable guarantor from close relatives, and return a car donated by parents or self-earned, but that does not always mean the employee already has the necessary sense of responsibility.

Regardless of a reliable guarantor and income

Credit from 18 years means that money is given to someone who is 1) likely to have only a high school education, 2) not a professional in their industry, 3) not an experienced family values ​​carer, 4) the beneficial owner of the property.

These factors are united by the young person’s lack of experience in achieving well-being goals, meaning that credit is unlikely to be invested in safe and tested transactions. Conversely, the relatively limited experience of ongoing social contacts means that credit given to young people over the age of 18 will not be based on prudence and prudence towards family, long-term business partners, or colleagues.

The main thing that younger citizens tend to forget

Portrait of young asian woman reading documents at her desk. Businesswoman at her workplace doing paperwork.

Is the interest payments that come along with the loan amount, which will also have to be repaid. Can a young borrower always have an increase in profits and a balanced use of cash to give back more than he has taken out? Perhaps young school leavers think that interest rates on loans may not be so damaging to them in the long run if inflation is rising in the country?

The optimum age for obtaining a loan is between 27 and 40 years, when the borrower’s life cycle is at its peak. It is not difficult to compare the size of the risk in providing credit services to young people aged 18 and over to mature people aged 27 and over.

However, after 40 years, the borrower’s actual “value” begins to decline, and retired clients may have difficulty insuring their lives and working capacity as required by the lending bank. This in turn benefits young people – especially those close to the fulfillment of their big life plans and who have not only reached the age of 24 but also have accumulated life experiences, are able to answer for their actions and money. If dreams come true as soon as they were imagined, we would soon have no dreams!