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Personal loan
Reasons to take loans
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[QUOTE="Good-Guy, post: 209743, member: 29109"] Well, obviously many people would not prefer taking loans,. However, certain times many people have no other option. many people tend to borrow money, even during the financial crisis. In fact, there have been cases of people taking loans when they do not even have the ability to pay the loans back. Of course many financial institution would not offer loans to such people in these cases. However, in these cases, people usually take loans from friends and family members who are willing to help them during such hard times and I think that this is a good thing. Unfortunately, things are not that easy when it comes to giving loans. Mortgaging is an important factor when many people provide loans and they also usually consider interest rates when lending money. I believe that a person must only borrow money when there is no other way to deal with financial problems and they must have a Plan B to pay the loans back. This is what I call a proper strategy to deal with economical problems. In fact, I believe that people must create good strategies in such a way that they would not need to take loans in the first place. [/QUOTE]
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