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That's how those credit apps can ruin the personal finances of the people. Once the people embrace it, then it's hard to stop it anymore as they find it difficult to find means just to pay their debt. For some beginners, better stay away from these loan apps or lending companies because they are not helping you, they are already taking advantage on your finances with their high interest. Although we can rely from them in times of emergency, but their high interest also kills us day by day.
I would also like to add, I have read credit companies are indirectely pushing people to adquire debt and have a good credit score, because there are things that one can't adquire with cash easily, like a home or a car, in those cases credit is likely necessary.
The problem is that if one do not have a credit history behind, banks will be reluctant to approve loans. It seems banks have quite a good plan set up for all of us.
In todays era on which credit score matters and we know that not all does have good standing or numbers when it comes to their credit scores which do results on having a hard time on taking up some loan nor even getting approved via those home or car loans or even business loans even into those online payment processors here on my country does really made out some check on someones credit score before proceeding
on how much money that they could able to borrow on a certain app which means that they are all interconnected to each other where they really have that intent on utilizing these things for the benefit and
a typical thing for a business for them to do so but in overall its not really that always recommended on taking up some loan if it wasnt really that necessary at all.