Over the week, a friend and I had a conversation about loans and loan apps and she shared a bitter experience of how she was unable to write a very important exam because the money meant for payment of fees to qualify for that exam was deducted by a certain loan app that she collected money from a while ago.
I think she entered into the wrong hands of loan apps cause usually there's always a notifications sent for remender of payment and mostly if not peud as at when due there will be no deductions of any kind from the loan apps, except you enter into the app and make such payment. This is mostly effective for loan apps that ain't scam meanwhile it isn't right to loan money for a long period cause it results to hindrance when you actually would not expect it. In as much as your friend school fees money got deducted due to the loan then it's advisable to stay far from losn apps.
There are really situations or conditions that you would be leaving no choice but to take up some loan on which we know that these loan apps or companies does really have that huge interest and we are really that pretty aware with that but since we dont have no choice then we will really be just that simply agreeing into these numbers but make it sure that you would be able to repay it on the the right time because we do know that these companies will giving out that huge interest on which if it will really be that continuing to compound as days passing by then it will really be that resulting on having no way on repaying those back and this is where you do end up on having bad credit.
Here in our country on which there are lots of loan apps on which you can be able to take loan and most of them are considered to be non registered and thats why some borrowers will really be that not tending to repay it back because they've been believing that the company wont be able to sue out something since they werent registered but in speaking about being ethical then its never been recommended to take advantage. When you do borrow then you should responsible on repaying it back.