For a country or an individual that is self sufficient and economically intelligent, borrowing does not occur for them even in crisis situation, not bad to get a support, but borrowing definitely do more harm than good most especially those credits that come with high growing interests. The best thing in this situation to avoid borrowing is to have an emergency founds a d multiple cash flows, so countries and individuals need to be more productive to avoid unwanted borrowing that eat up their savings and revenues in the long term.
Nowadays, it has become so that no one will lend you money freely. If you want to borrow money, you will have to pay high interest for it. So, there are more bad sides than good in borrowing money. But some situations force a person to borrow money. No one wants to borrow money easily because he knows that he is borrowing money due to poverty because he does not have enough money to get financial support. But at that time if he borrows from someone and someone has a debt, then he will have to recover his financial condition and also pay that loan with high interest which becomes a big burden. But situations force us to do many things that we ourselves would never want to do.
When it comes on taking up a loan or borrowing money then i can say that Banks would be the best place to be on which considering on the low interest in compared into those financing companies or into those loan sharks or individuals out there who do impose huge interest per month on which instead that you can maximize possible profitability with those loans being used on investment or business, you would be ending up on paying up mostly on huge interest on which it do really sucks. Some people even if they do have that financial capacity but still they have decided that they would be taking up some loan just because they are trying out to build up a credit score on which this might that not looks important but once you do able to realize it out on how crucial it would be but of course not all people do love to take up some loan or mortgages so it would vary.
Actually it would be just that depending according into your needs because if you do find yourself needing up to take up some loan then it would be just that normal that you would be trying out to consider out these places on which of course you should be that wise on how you would be making use of those loans in good use rather than on focusing too much on spending into liabilities on which this is the most shit decision you would ever made.