Augusta
VIP Contributor
I get to read about embarrassing stories online where people gets messed up by loan sharks when they can't pay back their loans. it can be image tarnishing for life if you allow this operators of loans to mess up with your reputation with your phone contacts.
The truth is that they will send tarnishing messages to their borrowers phone contacts when they do not pay their loans on time but don't deem it fit to retract those messages when they are paid. This means one image might be dented for life.
It is up to borrowers to be careful though and be sure of repayment before borrowing. So when do you think you shouldn't borrow money. see the below points.
Don't take a loan if you are flat broke
Avoid loans when you are not working, don't believe you would borrow also to pay back.
Don't take a loan if the repayment duration is too short for you to make the payment
Resist taking a loan if the interest rate is too high and you wouldn't have enough money for the interest rate.
whst do you think?
The truth is that they will send tarnishing messages to their borrowers phone contacts when they do not pay their loans on time but don't deem it fit to retract those messages when they are paid. This means one image might be dented for life.
It is up to borrowers to be careful though and be sure of repayment before borrowing. So when do you think you shouldn't borrow money. see the below points.
Don't take a loan if you are flat broke
Avoid loans when you are not working, don't believe you would borrow also to pay back.
Don't take a loan if the repayment duration is too short for you to make the payment
Resist taking a loan if the interest rate is too high and you wouldn't have enough money for the interest rate.
whst do you think?