Factors of households‘ default

Abstract

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.