Quote from: alastantiger on Today at 03:20:17 PM

Quote from: Samlucky O on February 06, 2025, 11:00:33 PM

Actually loan app was meant to serve as a rescue resources when we are out of emergency fund, but it's obvious that some people misused the opportunity. But I will like to say that anyone taking loan should take loan for a more reasonable thing and pay on time and avoid being embarrassed by loan app and blaming them for ones misfortune.

I disagree, I think we shouldn't take loans but learn to manage the resources that we have at our disposal. When the money we earn isn't enough, instead of taking loans, we should work harder by having multiple jobs and reducing our expenses. Taking loans isn't not a good way to live because loans are ways that the banks keeps us in debts as taking loans can get addicted and make us live beyond our income which makes us never to get out of debts but working constantly to payoff the debts and retake another one when that debts has been paid off.

The loans apps knows that people aren't wise hence they can use them to make money by giving loan to them, that's why they're making it very easy to take loans and when we do that, we're now working for them and making them money while you that's taking the loan keep staying broke.

Whatever the reason they should not take a loan, and the main reason why many people borrow from online loans is because of its convenience which only takes a few minutes and the money goes directly into the account and this makes it easy for many people to make decisions to borrow when they are in trouble or in urgent need without thinking about the risks and its convenience makes borrowers not think long and also do not see from their income whether they are able to pay the installments or not and this must be really thought about beforehand whether it can help the problem and must be planned so that unwanted things do not happen that can harm themselves and not a few who end up committing suicide because they are in debt. Online loans can indeed help solve problems but can also cause new problems for you, it will even make you stressed and have to try and work hard to be able to pay installments with full pressure and also threats if you are late in paying.