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Personal loan
Reasons why you shouldn’t take loan
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[QUOTE="Kingsley, post: 209756, member: 30278"] I know many are of the opinion that accessing loans is not bad, and that it has numerous advantages, well when we look at the positive side of it we might want to agree with them saying that loans can be accessed and used to finance a business project which will in turn yield profits that will technically make us richer than our pre-contractual state. Infact some very big business organizations also go out of their way to access huge loans so as to expand their business space and scope, all in the bid to increase profit. This does not rest on businesses alone, also government both the federal, state and even local level, make efforts to access loans and they all claim to channel the loans into capital projects that will not only better the lots of her citizens, and they also claim those projects will boost the economy and improve the standard of living of her citizens. But in all these plans, promises and projections of both the government and individuals that accesses these loans, at the end what dom we notice? We discover that those loans are not put to good use and end making the people more impoverished and some of those businesses liquidates and become bankrupt. All these is due to poor management. Hence it is better to aviod laons if you can't manage it well. [/QUOTE]
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Reasons why you shouldn’t take loan
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