Why Students’ Consumer Crediting Is “Skidding”

Usually it is not interesting to management of educational institutions whether the student has a side job or not, important is his progress in studies. Even close connection of HIGHER EDUCATION INSTITUTIONS with business can provide a job just for tenth of pupils though employers have interest in probationers and trainees and very often they find new employees among them.

Besides, teachers with disapproval treat side jobs as they consider that it does harm to progress in studies that has reasons. Very often those who go to work instead of studies come to session with minimum knowledge in their heads.

As for banks, availability of permanent job (at least within six months) and salaries is important for them. It is a guarantee of that the borrower will pay the credit in fixed terms. Most of students, try to have the income, but it isn’t permanent. And the availability of permanent job within half a year for the student in general is extreme rarity. Naturally banks having received the information that the borrower, though he has a job, his income isn’t permanent, therefore often refuse crediting as they try not to go on “unjustified” risks.

It is clear that the student in principle can obtain a consumer loan, but most often does not receive it because bank clerks will find a plenty of reasons for it. If such credit nevertheless is issued to the borrower (only in form of a credit card), it will be minimum limited, and often is not capable to cover necessary costs.

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