Cofidis: More and more people would use loans

The negative attitude towards lending has been reduced, compared to last year – the first-quarterly results of the Cofidis Credit Monitor reveals. More and more people consider the loan as the instrument to reach the large-scale goals. Financial awareness also characterize these people.

Greater financial self-confidence, a more positive perception
Although 66 percent of the population is still basically afraid from the hidden costs of the loans, the percentage of those who feel that credit facilities are non-transparent is the same.
The proportion of those who believe that the loan is a tool to assist them in achieving their higher goals increased significantly to 53 percent, compared to the previous quarter.