Sukačevskytė, Vytautė

The aim of this article is to analyze the interrelationship between solvencies of consumer credits customers and indirect factors such as borrowing motivation as well as demographical and socioeconomic factors characterizing the borrowers’ personality. The results of this research were obtained using statistical software SPSS. Systemic scientific literature analysis, correlation analysis of randomly selected records from consumer credit contracts, Student t-test criteria application for testing hypothesis, analysis of Levine's and Pearson’s correlation criteria are used in the article. In addition, previously carried out expert evaluation research results were compared with actual consumer credit contracts data. The novelty of this research is classification off actors influencing personal solvency into direct and indirect. The influence of indirect factors (demographic, socioeconomic and borrowing motives) has been investigated in risky consumer credit market of Lithuania. The results show that the most influencing in direct factor is the purpose of consumer credit.

The rapid growth of personal debts becomes a real problem for many households. A lot of attention to credits constrains and lack to credit supply leads to irresponsible lending. Importance of individuals default for creditor explores a number scientist however the consequences of factors determining insolvency to the customer himself remains little examined. In nowadays when people use borrowed money for consumption, resolving insolvency becomes inevitable and familiarity with factors influencing personal insolvency is important in solving individuals’ financial problems. A study has found the factors influencing credit desirability and main reasons of overtaking commitments. The consumer credit market is chosen for the analysis.

The importance of individuals default evaluation by credit rating is analysed, defined the concept of personal credit rating and its benefits for creditors and individuals. The aim of the article is to define the main factors influencing householders discharging the liabilities. The subject of research is householders literary in computers. The accomplished survey showed that almost half of respondents fail to discharge their obligations on time just to forgetfulness, only one third of respondents know what financial literacy is and 15 per cent of these value own financial literacy soundly. Scientific literature analysis, comparative analysis and survey of Lithuanian households were used in the article. The results of investigation were processed by SPSS Statistics program and obtained results were presented.