Loans have a advantages and disadvantages.
Let's start with the advantages. The advantages of loans are preferred to you if your doing a business. A business that means a lot you and you know that you can gain profit on it. You must consider that if you lend some money make sure you can gain profit so that you can pay for it. Loans are also a good terms as far as emergency is concern, especially in medication. When someone is sick in your family members and yet you don't get paid yet or else your salary is not enough to pay the hospitalization, you can grab loans from lending company which can help you from your problem. Just consider this, if you borrow money you must return it.
Now, let's talk about disadvantages. Many people abuses the power of loan, that causes them on bankruptcy. They uses loan by the terms "wants" instead of using it on "needs". Addicting on having loans to many branches causes you a lot a headache. Especially if you don't have enough money to repay your debts. Let's put it in this situation. Maria started to borrow money from a lending company, she borrow money for her shopping cause her salary is not enough to buy the stuff she likes most. She loans and loans and loans until such time she get caught of drowning with debts. One time, one of her family get sick and her salary is good enough to pay her debts. She can't even barrow money from other lending company for she has records by drowning of debts. Now, this is lesson we get from that. We must look towards about the usage of loans. You must look into it that loans are for needs with a cause not an instant enjoyment.
In short. Loans are good for "needs with a cause" and not for "instant happiness".
Let's start with the advantages. The advantages of loans are preferred to you if your doing a business. A business that means a lot you and you know that you can gain profit on it. You must consider that if you lend some money make sure you can gain profit so that you can pay for it. Loans are also a good terms as far as emergency is concern, especially in medication. When someone is sick in your family members and yet you don't get paid yet or else your salary is not enough to pay the hospitalization, you can grab loans from lending company which can help you from your problem. Just consider this, if you borrow money you must return it.
Now, let's talk about disadvantages. Many people abuses the power of loan, that causes them on bankruptcy. They uses loan by the terms "wants" instead of using it on "needs". Addicting on having loans to many branches causes you a lot a headache. Especially if you don't have enough money to repay your debts. Let's put it in this situation. Maria started to borrow money from a lending company, she borrow money for her shopping cause her salary is not enough to buy the stuff she likes most. She loans and loans and loans until such time she get caught of drowning with debts. One time, one of her family get sick and her salary is good enough to pay her debts. She can't even barrow money from other lending company for she has records by drowning of debts. Now, this is lesson we get from that. We must look towards about the usage of loans. You must look into it that loans are for needs with a cause not an instant enjoyment.
In short. Loans are good for "needs with a cause" and not for "instant happiness".
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