Nearly 25% of Bulgarians Have Tried Quick Loans, Study Shows

A recent study by the Association for Responsible Non-Banking Lending (AONK) shows that nearly a quarter of Bulgarians have used quick loans at least once in their lives. The findings were presented by the organization’s chairman, attorney Nikolay Tsvetkov. The research indicates that most borrowers, 84%, have taken out up to three quick loans, and roughly three-quarters of these loans were for sums ranging between 500 and 2,000 leva....