For many youngsters it is a big event – to reach the age of 20. For some it is a long-awaited joy, but for others it is not really clear where their teenage years have come. The age of 20 is a turning point that marks the beginning of a new phase in life, many new adventures, and thus a new responsibility.
At age 20, people are usually at different stages of life. Some are prospective or existing students, but some others have chosen to work at the school. For many, the age of 20 means the first steps in “real” adult life. After Latvia’s legislation, adulthood is officially reached at the age of 18, but there are areas where adulthood officially reaches the age of 21. In the case of loans, it is often possible to find that creditors consider 20 or even 21 years of age as the appropriate age limit for granting loans. This kind of age limit may be due to the understanding that many 18 and 19 year olds still go to high school and are therefore unable to secure a stable income. Hence, this means that, in the sense of creditors, the age of 18 and 19 is not a suitable age group for loans and other types of loans. The risk of the creditors not getting back the borrowed money increases based on the potentially unstable solvency of young people aged 18, 19 and 20.
Despite all of the above, it is possible to get a loan at the age of 18, 19 and 20, but the possibilities may be more limited than after reaching the age of 21. The issuers of Internet loans, quick loans and sms loans can set their own age limits for issuing loans.
Credit from 20 years – borrow an apartment, car or travel
At the age of 20, many things change in life. Many 20-year-olds are still studying, while others have already joined the labor market and are actively working on their careers, while 20-year-olds have not yet decided in which direction they want to move their lives and careers. Regardless of which of these groups you see yourself, one thing is clear: our personal finances are not always in line with our dreams and that means looking for ways to achieve their goals. Whatever your goal, Thomas Bigger.lv wants to help you find the best solution for your financial needs. Thomas Bigger.lv offers an easy overview of short-term, long-term, consumer, and car loans and we will be with you to help you find exactly what you are looking for.
Is it time to leave the nest?
The age of 20 is the age when many young people decide it is time to leave their parents’ nest and start an independent life in their apartment. You may also be considering getting into your apartment, but moving is not just about having the finance to cover your rental costs, but also about the finances of the moving process, utilities, buying new furniture, and other important things you might not have don’t think.
If you feel morally prepared for this step, but financially all the expenses associated with the move are too big, then you may want to consider a credit so that you can take the first steps in your independent life. Use Thomas Bigger.lv to explore and consider your credit options to help you borrow money quickly and easily. Thomas Bigger.lv wants to help you become smarter in terms of credit and long-term loans so that you can borrow just as much money as you need for just as much time as you want to use for a loan repayment.
Become independent with your personal car
If you live far from your workplace or university, you may be considering buying your own car. Regardless of whether or not you are considering buying a new or used car, everyone is clearly aware that buying a car is not a pleasure, but buying a car can be a valuable investment in your future. With your car, it will be easier for you to combine your studies and work because you will be independent of public transport, which often takes a lot more time to get from one destination to another. By purchasing your own car you will not only gain some independence, but will also save you time and finances that you would otherwise spend on public transport.
Travel and get to know the world
In many countries around the world, including Latvia, young people often want to start traveling more than 20 years old. Goals for traveling are varied, as young people travel both to explore the world beyond their homeland, to get to know themselves and to simply accumulate energy for the next school year or months at work. It’s no secret to anyone that some destinations are cheaper than others, which, of course, affects the length of the trip and the travelers’ feedback on the experience as travel planning depends on the financial capabilities of each person. With Thomas Bigger.lv you have the opportunity to borrow your dream trip and go to the part of the world that speaks directly to you. Nowadays it is so easy to travel around the world and get to know other cultures either alone or with family or friends and Thomas Bigger.lv wants to give you the support you need to fulfill this dream and enrich yourself.
It is just as easy to find the most advantageous loan for you
Finding different types of loans is easy, but understanding the different offers and credit terms can be difficult, especially without previous experience in this field. That’s why you need to get the most comprehensive information on the various short-term, long-term and consumer loans. The goal of Thomas Bigger.lv is to help you compare and choose the right credit type based on your options and criteria. We want to help you make a secure and well informed decision. Thomas Bigger.lv – fast, easy and 100% free.