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Personal loan
A Loan From Friends Or Bank Which One Suits You?
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[QUOTE="Abigael, post: 230397, member: 25357"] Personally, I am not comfortable anymore with any type of loan. This is because I clearly understand the Consequences of taking any loans. You end up in so much anxiety and pressure to pay back the loan. Another thing is that you are never financially stable with a loan. Every amount you get must be used to pay it back or else the interest rate will go high. In the past, I used to get so caught up in bad debts. The main thing that led me to such debts was the desire to have luxurious things that I could not actually afford. Since then, I have trained myself to not give in to my urges. That has helped me alot in steering clear from debt. I am so proud of myself that I paid all my debts and I am not in any right now. So my opinion when it comes to taking either loans from friends and family or from banks and lending institution is that none of them is better. A loan is just a loan. You still have the obligation to pay it back. Though the loans from family and friends could be a bit better since you don't have to pay with interest and there is no specific payment date. [/QUOTE]
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A Loan From Friends Or Bank Which One Suits You?
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