Czechs increasingly cautious about taking loans
Czechs are increasingly unwilling to burden their family budgets with loans, according to a poll conducted by the CVVM agency. Inflation and uncertainty on the job market have made Czech notably more cautions with respect to loans for vacations and consumer goods. According to the poll results 88 percent of respondents said they were no longer willing to take loans on vacations or consumer goods, though 85 percent of them said would do so to finance their housing or start a business. According to statistics 17 percent of Czechs have serious problems repaying their loans.