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Personal loan
How do you cope when your loan is over due?
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[QUOTE="Augusta, post: 239631, member: 25283"] I am one that don't just like the idea of loan after seeing what my uncle went through from taking loan fr.a Nigerian bank that was a great lesson to me. And the worse for him is that he used his only house as the collateral and it was a double mess for him. He got millions from the bank for an investment that he didn't really understand the nitty gritty of it and that was his undoing. When the investment program went down he couldn't pay back the loan and his only house was seized and auctioned because that was the agreement. So you can imagine what he went through because of taking that loan. He became totally broke and even lose his family because the wife got tired of managing and left with the kids. But I noticed that my uncle did some things that draw him out of that situation faster. He was positive minded. So even when you have this issue of not being able to pay the loan, having a positive mindset can help. You just think of how you would be raise out of your debt by working towards making money. You can still rebuild yourself by working hard to make mone6. [/QUOTE]
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How do you cope when your loan is over due?
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