Quote from: BRINIRHA on Today at 02:53:54 PM

well, there are many reasons and purposes for someone to decide to take a loan. some are caused by compulsion and some are caused by seeing opportunities to get bigger profits by using bigger capital. so taking out a loan was an option at that time. But yeah everyone should know the risks that will be taken. and must be able to measure our own financial condition. whether we will be able to pay installments every month or not. because it is true that if we fail to pay installments then other problems will arise. and it will worsen the economic condition of the borrower.

A loan is not always bad, if we can plan everything, calculate the budget correctly and see that it will not be difficult to pay it, if our earnings allow us to pay without any problems, then this can be acceptable in many cases.

These can be completely different needs, from buying a home and ending with a car, or a business loan. Many people around the world use loans, but this should all be considered and we should see that repayments are within our reach and represent a much smaller part of our earnings.

But if a person does not have a home, and he takes out a loan to buy a phone and gives a significant part of his earnings for payments, then this will be a very stupid loan. Therefore, you need to be able to distinguish between when it is permissible and when it is not worth doing.