Quote from: dunfida on July 30, 2023, 11:59:29 PM

Quote from: Fredomago on July 30, 2023, 09:46:34 PM

Quote from: Adams0001 on July 30, 2023, 08:51:15 AM

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

A loan is required when you require funds but do not have enough surplus. You should only take a loan if you intend to use it for productive purposes or to purchase an essential affordable asset that you can repay in instalments over a reasonable amount of time. You should never take a loan for speculation or taking risks.If you are in need of any urgent unavoidable Real costs, you can rely on us to help you get through the problem. If you have a good idea or a fresh concept that you are confident of marketing, borrowing money to make it will be a wise move.

If being use wisely yes, it will help to generate an income source starting capital but if not, taking loans can be added to your burden and without enough resources you will continue to add more and it will just repeat itself, better to think about it before making any decision in terms of doing this kind of setup, loan for a good purpose is understandable but if being used to other things that not help or only for physical luxury then it will turn to a liability.

If you dont like burden then skip and avoid loans and this is actually give some headache afterwards but if you are really that in need or having that plans on expansion specially on your business but you do fell short on funding then having that kind of business loan on which i could say that its a type of loan on which i could say to be that considerable. As long it would be giving out that positive results like revenue or income then i could say that getting a loan is really worth it but on the time that you are just taking a loan on buying up something or some liabilities then it wont really be that something that wise on doing so.
Having those bad impacts would really come next in line since you would really be paying up some interest with those loans aside from the principal amount. Be wise always on taking up some
actions specially if its really that connected in terms of money.

Good advice, being wise and being practical will avoid you to have a problem in the future, loans should be treated as additional resources to expand your business, if there's no emergency better to keep yourself away aside from taking it for business affiliated reasons, else if you are just going to use it for doing something that temporary give you comfort the after-effect of your loans will affect you hard in your financial capabilities.