Why you should not take much loans at a time

[Carpon]

Too much of everything is said to be bad. Yes that is very true even when taking loans. Taking too much loans is extremely bad and indeed has a lot of negative effects.

• It has the potential of drowning you financially especially if your financial strength is low and you do not use the loans collected, to improve on it. When you are to pay back, they will be much on you and at times, you may not only run into personal financial crises but also face threats of getting sued.

• It makes you a perpetual and habitual loaner. The more your rate of doing something, the more it becomes a part of your life and you may even feel abnormal when you are not owing any loans which you need to pay off. This is extremely bad and should not be the case especially if you wish to keep your finances in a stable state.

 

[Augusta]

in the first place I don't even advocate one taking loans let alone taking many at a time I know that sometimes we are forced to take a loan because of the situation you might be facing but if one can should avoid taking loans especially loans with high interest and low duration of time for repayments.

it can be very stressful to payback taking plenty loans at a time comes with stress of repayments especially if you have to pay back most of them at the same time you can even be financially stressed so if by any chance you need to take a loan you should try to take a little and ask for a longer. time of repayment to give you the ease of time to look for the money to pay back without much stress Hypertension is real and comes from high stress so don't want to kill self because of loans.

 

[CALVINDOL]

It is literally only an insane individual that borrows money and keep borrowing money without having full intention and full strategies of repaying back the money in which he or she has borrowed. Personally the idea of borrowing money is absolutely a daunting idea in which an individual should absolutely be very careful because there are some situations in which being indebted financially to another can lead to death of the doctor due to overthinking which leads to stress and other health dehumanizing effects.

Do not be mislead, it is best to repay back the money to the lender, before borrowing another so that you do not accumulate a whole lot of debts in which to some extent you might not be able to repay. Financial bankruptcy is absolutely a very bad thing in which majority of individuals will always seek for funds possibly from a fellow friend or from financial institutions but before doing so you should ask yourself there by speculating other ways to repay back the money even if the intention you need the money for it doesn't turn out as planned or as expected.