Addiction to loans – can you become addicted to taking loans?

Dependence on loans is gaining more and more bank customers. It starts very innocently, but over time, loans become more difficult to pay off, the debt grows, and there is not enough energy to work. Sometimes it’s hard to feel the moment when you start becoming dependent on external sources of financing. What are the symptoms of addiction and how to deal with such a problem? We answer!

The total amount of liabilities incurred by Poles is growing every year. In 2019, this debt exceeded PLN 76 million, and one in four who took out a cash loan or a loan admitted that they had not analyzed whether they would have funds to repay the amount borrowed. It can be concluded that this debt will increase year by year.

More and more quick cash loans are taken by people born after 2000 who see no problem in indebtedness for consumer goods.

Unfortunately, this is followed by problems with the repayment of liabilities: in 2013-2016 the scale of these problems in the 18-25 age group increased by as much as 15%. This is largely the fault of a lack of economic knowledge, but often the problem may have a secondary bottom: addiction.

Can you get addicted to loans?

Addiction to taking loans is not as rare as it may seem, but committing doesn’t mean you have a problem. Addiction appears when you make decisions about the next loan under the influence of emotions, and your thoughts are still revolving around banking offers.

Also, you are trying to hide your actions from trusted people, and with each new loan, it becomes more and more difficult for you to deal with debt repayment. People who have unresolved problems in other areas of life are particularly vulnerable to credit addiction.

Often making commitments is to divert attention from other difficulties, and at the same time provide emotions that are missing in everyday life. Such motivation is, unfortunately, often a straightforward path to addiction and, consequently, to fall into a spiral of debt.

You may also be interested in How not to fall into a spiral of debts? Check out ways to get out of the credit loop!

Credit addiction – how does it manifest?

Addiction to taking out loans tends to worsen over time, and with each subsequent commitment, the symptoms worsen. What symptoms can a credit addiction have? You should be concerned if you have most of the symptoms below:

  • you take out loans one by one, often to pay off the previous one,
  • you constantly search the offers of loan companies and give up other activities to have more time for it,
  • your search for the plaintiff and rationalize the excuses you find to take out another loan,
  • you feel great pleasure when signing a loan agreement,
  • calculating how many liabilities you have currently incurred can cause you trouble,
  • you are in debt for goods you don’t need
  • you feel your mood worsened if your loan application is rejected,
  • you notice low mood in the period when you cannot apply for a loan, 
  • you hide information about your loans from close people,
  • you have more and more difficulties to meet your daily duties,
  • you have increasing difficulty controlling tasks at work.

What are the causes of credit addiction?

The causes of creditholism can be very different, but the source of the problems is most often associated with deficits in the emotional sphere. The addicted person does not take a loan because of the real value of the loan funds, but to deal with the emerging difficult emotions.

These can be, for example, fear of poverty, helplessness, low self-esteem, or fear of poverty. Taking a loan gives such a person the illusory feeling of taking control over their own life, which, however, only lasts until the funds raised are spent. To feel these emotions again, he must reach for another loan, and this is a simple way to fall into a spiral of debt.

Other addictions can also be an indirect cause of addiction to credit. Often the loan is to provide funds to finance the needs of an alcoholic, drug addict, gambler, or shopaholic. This is a particularly common phenomenon if addictions risk losing your job, and thus also the source of financing for stimulants.

In such a situation, the addict is ready to take even a very large loan so as not to have to deal with the lack of alcohol or drugs.

How to help a person addicted to credit?

Helping an addicted person is not the easiest thing, but if someone close to you has more and more difficulties in managing their loans, it is worth trying to help him. If it is you who develops symptoms of addiction, you should also seek help. What can be done in such a situation?

Therapy for credit addicts

If your credit addiction is already having a significant impact on your financial situation, therapy is the best option. Addiction to borrowing funds is the same addiction as alcoholism or drug addiction. This means that it’s best to go see an addiction specialist with him.

Depending on your situation, individual or group therapy may be helpful. In doing this, you can discover the real root causes of addiction and learn healthier coping patterns.

Incapacitation of a loan addict

The helplessness associated with taking out loans from a loved one sometimes encourages us to consider incapacitating the addict. In practice, this deprives an adult of their right to legal acts, which results in the invalidity of the contracts they sign.

To incapacitate anyone, however, it is necessary to undergo a very difficult court process and demonstrate that the person:

is mentally ill,

suffers from mental retardation,

has mental disorders,

he has no way of directing his conduct.

Such an application may be submitted to the court only by:


a relative in a straight line,


However, the decision to apply with the court should be a last resort. Such matters can drag on for years and, for obvious reasons, have a very negative impact on family relationships. Also, for the case in which the application turns out to be unfounded, you must pay a fine of PLN 1,000.

Disclaimer of documents

The second way to prevent a person in therapy from taking a loan is to reserve an ID card. This can be done at the Credit Information Bureau or using the Bezpieczny PESEL service.

Taking a loan for a restricted document will involve additional procedures, which will reduce the risk of incurring liability under the influence of emotions. However, this method requires the consent of the addicted himself, because only the owner may apply to reservation of evidence.

Consumer bankruptcy of a loan addict

The declaration of consumer bankruptcy is a solution for people who already have problems with the bailiff. If the court approves the bankruptcy petition, all bailiffs will stop and interest on debts will not continue to be charged. The validity of the judgment may sometimes result in the cancellation of the remaining obligations to pay.

Consumer bankruptcy is obtained in court, but the process is quite laborious. For the case to end with a judgment in favor of the applicant, it must be shown that the debtor’s situation was not dependent on him.

If someone led to it deliberately taking loans with no repayment option, there is no chance of winning. Courts agree to declare bankruptcy most often if: there has been a sudden loss of a job or a serious illness, making it impossible to earn.

Financial education

Regardless of the causes of addiction, the necessary step is to expand your knowledge with economic knowledge related to loans. It will give a chance to realistically assess the cost of credit and the risk that goes with it.

Fortunately, such knowledge can be obtained more and more often for free, for example by studying articles on financial portals.

Consolidation of loans as an aid to get out of debt – is it a good solution?

If your financial situation is not so bad yet and your liabilities have not expired, a consolidation loan may be a good solution.

It will not replace therapy, but it will make it easier to find out about the number of loans taken, and also allow you to better manage your home budget.

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