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Personal loan
Am thinking of getting a loan
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[QUOTE="Bookwormlux, post: 71266, member: 25193"] Taking a loan requires you to ask your self a lot of questions and to evaluate so many factors. It is very easy to take a loan than to pay back when it is time. What do you intend to do with the money, how sure are you that the business would give you enough profits to repay the loan together with the interest without going bankrupt? You talked about your intentions of starting a business and it is really disastrous to start a business with loaned money. I always advise that you should start with the little capital at your disposal, then you expand the business as time goes on. It won't be easy bearing any losses with a loaned money. Since your mother is against it, seek help from her. She may have some money to give you to start the business. [/QUOTE]
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Am thinking of getting a loan
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