Factors affecting personal insolvency

Daiva Jureviciene, Vytaute Sukacevskyte

Research output: Contribution to journalArticle


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.
Original languageEnglish
Pages (from-to)5-11
JournalKSI transactions on knowledge society
Issue number3
Publication statusPublished - 2014



  • Personal insolvency
  • Default
  • Consumer credit
  • Credit desirability
  • Overtaking commitments

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