Rethinking before collecting debt or loan-why important

[Axis]

Before a person goes into collecting a loan or borrowing money he or she must first of all think and rethink the action he or she is about to take. These include considering carefully where you are investing the loan if the investment will bring any immediate profit. And also thinking about other avenues in which he can pay the money if the investment he invested loan on tend not to work out.

And also he should also give careful consideration to the person is he is borrowing the money from and the bank is also borrowing the money from because if he borrows a money from an impatient person it will be a challenge for him when he can't pay the money back.

 

[Augusta]

I agree with you when it comes to taking loan you should have a rethink, thinks thing through before agreeing to it. The risk here is always very high and it is never a child's play when you default and can't pay back your loan you can find yourself in a big problem. So taking out time to think about it is the best bet at this point.

if one can avoid it, then it will be better that you don't take a loan or go that the route of getting a loan. because pay back might be very difficult.All the same, gives it a rethink before starting out.