Quote from: moneystery on June 30, 2023, 11:51:56 PM

maybe many people are taking loans online or offline for various urgent reasons, but keep in mind that the habit of making loans will only get you entangled with what is called eternal debt and the possibility of getting addicted to making loans online or offline

I live in a city where the rate of people making loans is quite high until yesterday I heard of a neighbor who was fighting with a debt collector because he was unable to pay but the debt collector belittled the borrower who was unable to pay

- 23-yr old techie dies by suicide due to alleged harassment by online loan recovery agents

There have been many articles written about the bad effects of making online or offline loans what happened in my country that have high interest;
- In Indonesia, ‘pay later’ services leave some drowning in debt
- Under presidential order, Indonesia is at war with online loan sharks

in several articles, there are other options that can be done to avoid what are called online or offline loans that have high interest,
- 8 Ways to Help Family Members in Financial Trouble
- How To Get Out of Debt

you can try to do that from now on before it's too late

Taking loans is actually a good thing if you do it for your own business progress and extension. Even rich men are doing that and made them wealthier in the society. However, if you become dependent from taking a loan and even include that in your budget, then you will never easily get out from that situation. Instead, it will make your life harder to live due to high interest and monthly amortization, which means all your hard-earned income will only be used to pay for it and leave nothing in your pocket. So you take another loan again, and that cycle will only continue as long as you don’t manage your finances well.