Sure this works for a certain period but later bad things may happen, you have to postpone the payment and struggle with finances again. Isn't this a vicious circle ? How would you deal with the problem ? I am all ears.
Back again to each individual, whether the loan is taken for business support needs or just to fulfill a lifestyle. When an impact has been carefully considered and adjusted according to needs, then a loan may be something that is needed for business development, for me this case is not bad.
Loans have two alternatives in my opinion?
1. Active Loans
Active loans are usually taken for business needs and they have considered the number of needs with an adjusted timeframe, usually this form of loan has very few problems and most importantly loans like this can be used for something more useful.
2. Passive Loans
This kind of loan usually won't help people, because the purpose of taking a loan is not for business development or anything like that. More precisely, loans like this have no direction and purpose, only for non-urgent needs and following lifestyle.
I classify two forms of loans that I often see, of course there will be many references to loans and everyone may have their own perspective. In my opinion, we can avoid one form of loan and it also doesn't hurt to try if you have more Good goals.