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
Is that even a thing or some term you just came up with “eternal debt”
The loan business has become a very big business in recent times and it’s not easy for one yo go a day without having some of these loan apps having to flash there loan offers through ads on your screen.
What’s most daring is the ease at which one can acquire this loans. As little as just your cellphone number for some and you’re good. This is creating more and more problems for most individuals as you would find them taking more loans than need be even, when they don’t want it and don’t have the capacity to pay.
It’s a problem that needs resolution. Loan companies needs to slow it dow, get proper criteria for giving loans and not harass innocent and good minded citizens around the globe.