Ever had to take out a loan to help pay for something?

[Abigael]

Yes, taking out loans can become a very dangerous habit. Even if you are taking out loans for things you want, such as luxuries, it can be easy to become addicted to the habit of borrowing. It is important to budget for luxuries and plan ahead for them. Additionally, it is important to remember that taking out loans can carry a lot of risk, so it is best to be aware of the potential consequences of taking out a loan before doing so.

Yeah, taking out loans for luxuries can be so addictive. You better budget for leisure and luxury. Then have some self discipline. Sometimes you don't really have to get those things you desire, you can wait it out till you have enough money.

 

[Nomad]

I have used personal loans to pay for products and services many times. THis is not a good way to handle your lifestyle but sometimes it becomes just necessary, mainly when you cannot make a lot of money for some purchases.

 

[makanaki]

Yeah, taking out loans for luxuries can be so addictive. You better budget for leisure and luxury. Then have some self discipline. Sometimes you don't really have to get those things you desire, you can wait it out till you have enough money.

Absolutely. If you find yourself wanting something that is too expensive, it's better to wait until you have saved up the money to purchase it. Additionally, the potential risks associated with taking out loans, as they can come with high interest rates and can lead to financial distress if not managed responsibly.

 

[Syldan]

Actually not even once but on several occasions when am very much occupied with alot of demands and the money at hand can't be able to settle them at once. so I always did.

 

[Chibson]

It's not financially right to start a business with loan, especially loan with interest. Once you borrow money, you'll always find yourself under pressure and, to me, this pressure is unnecessary.

I don't think there is any kind of loan that does not come with interest. If you want to take a loan you must be ready to pay interest. That is actually how it is.

 

[eenya00]

As a matter of fact, I just took a loan to pay for my house rent. The rent is 3 months due and I do not want to be sent out of the house. This is why I need to take a loan from an online loan merchant very quickly. Atleast, I was able to salvage the situation.

At least what you took the loan for is quite understandable and your mind can never be at rest owing money for your house as this would not give you peace of mind at all