Cash withdrawal is unpleasant, but almost every young person in one or the other has had to get to that position. Most Bulgarian students put up relatively little money, which rarely gets to pay for the current monthly payables.
Parents usually help, but sometimes they themselves are in a difficult situation.
When faced with financial difficulties, students usually find it difficult to find a solution because it is more difficult for them to withdraw a loan.
Few of them have permanent income, and even if they are, they are usually quite low. Despite the difficulties, some companies offer students an online credit that is specifically designed to pay accommodation.
The company is CashCredit and the mission is to offer the best possible conditions to a group of people who are in most cases subject to deprivation that results in too much of the costs faced by students.
Is it justified to withdraw credit in order to pay the rent
The public has created such an image of the credit that every withdrawal of money is viewed a little more rigorously than necessary. Still, we are all people and everybody can sometimes find themselves in a more difficult situation. Most of us avoid using this type of service unless it is absolutely necessary, however, sometimes a person comes to a situation where he can not cope alone.
Do we have to pay the loan with a loan
This is a rather complex issue, which in most cases does not leave us a big choice. Rent is a major expense, and food costs. If we do not have relatives and relatives to live in, we certainly have to secure enough money to meet this cost.
Naturally, it would be best if we can deal with it without having to withdraw money, but this is not always possible. Wages are low, and rents are high. Of course, we could reduce our spending to the minimum we can afford next month, but at salary levels in our country, that is not really easy.
Why rents are so high
Generally, they are much lower in Bulgaria than those paid by people in other countries across Europe. The problem is that the youngsters and students who still have low incomes and not very well paid jobs live most often.
If we also add that they tend to target the most expensive cities in the country, the picture becomes even clearer. Poor college students and expensive big cities are a combination that naturally leads to an even more severe shortage of funds in the first. If we need to briefly sum up the reasons for the high rents and difficulties of the students, they are usually:
- Need to live near the university (that is, most often in the center of
- Living in a big city, such as Sofia, Varna, Plovdiv;
- Low income;
- Lack of permanent work;
- Lack of free time for full-time;
What principles to observe when drawing
Taking credit in order to pay our rent is actually one of the most justifiable circumstances for withdrawing money. This is still a cost we make to have a place to live.
What is important is, however, that we can avoid borrowing, because there is a closed circle and, ultimately, we are in a situation where we do not have enough money for the next month because we must first clear up our obligations for the previous one .
What does the Cash Cock Team do to us?
We at Cash Credit advise you to always be as reasonable as possible in allocating your financial resources and, as far as possible, to make sure you live with what you have as a budget. All withdrawn loan money must then be returned, so this is a timely solution. It is our advice to only pull as much as you need to do without getting into extra money for side things. If you do not have to pay 100 leva to pay for the apartment, draw only that. Any extra sum is a waste of money that is not necessary.