More than a quarter of Russians do not understand loans and borrowings

More than a quarter of Russians find it difficult to figure out how to use borrowed funds, as evidenced by the results of a nationwide survey of the NAFI analytical center. 18% of respondents have difficulties with loans and another 10% with microloans. And the most difficult to understand financial services are investment: about 41% of respondents believe that they are the most difficult to understand. Insurance, bank deposits and deposits, as well as bank cards can be called the services most understandable to the population: only 8%, 7% and 4% of respondents noted difficulties with them, respectively. Continue reading →