JohnnyFrancis
New member
No one should ever take loan, if the purpose of the loan is for consumption or solving personal problems, because if you have ever taken a loan for consumption or business and the lenders are frequently disturbing you for repayment then you will understand that debt servicing as a result of consumption rather than for a business is bad idea. Whenever your due date for loan repayment is approaching is as if the world is coming crumbling on one's feet. my advice lets endeavour to minimise how we take loans especially if the loan is for business purpose is not a bad idea but if is going to be for consumption please lets avoid it as much as possible.