Sotherefore
VIP Contributor
It is easy to get a loan to start up a business or engage in other profitable ventures but sometimes the ability to pay back the loan might be what most debtors may not always likes to do because they might just be interested to use the capital to expand and grow their business..
At the same time it is also risky when you are not able to pay back the money you have collected because not being able to pay back the money can expose you to so many things such as harassed by the law enforcement agency or the loan owner.
Base on my findings the only way a person can be able to pay back the loan he or she has collected is DISCIPLINE AND DETERMINATION, with this two strategy it will be possible for a debtor to pay back the money he or she has collected.
The only problem is that most people who have gotten a loan to start anything do not have it in their plans to pay back the money because if they could have made adequate plans and preparation of how this money will be paid, everything would always be possible.. putting it in our plans to pay back any loans we have collected from people makes it more easier to pay back.
At the same time it is also risky when you are not able to pay back the money you have collected because not being able to pay back the money can expose you to so many things such as harassed by the law enforcement agency or the loan owner.
Base on my findings the only way a person can be able to pay back the loan he or she has collected is DISCIPLINE AND DETERMINATION, with this two strategy it will be possible for a debtor to pay back the money he or she has collected.
The only problem is that most people who have gotten a loan to start anything do not have it in their plans to pay back the money because if they could have made adequate plans and preparation of how this money will be paid, everything would always be possible.. putting it in our plans to pay back any loans we have collected from people makes it more easier to pay back.