Have you ever accomplished the purpose for taking that personal loan?

R

Ratine

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I have realized that its very difficult to most people to fulfill the purposes for taking of the loans. Most end up in spending the money on different things altogether and have difficult in repaying the loans.
 
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Starmix

Starmix

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I haven't applied for a loan only during my first year of working. I was infected by my colleagues to apply for a loan which was scary. It never happened again.
 
Shavkat

Shavkat

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I never dared to do this idea yet. It is related to your reason and besides, I do not want to be in debt and paying the interest at the same time.
 
K

King Belieal

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Most people that take loans to do business are not able to use it for that purpose for some very obvious reasons that is related to planning and foundation of their business plan.
 
Sanjeev

Sanjeev

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Stardom22 said:
Taking of loans pose burdens to the borrowers as most loaning programmes charge higher interests.
Click to expand...

That's one of the major reasons I don't want to take loans. You have to squeeze your budget and sometimes your loan get consumed on the other things except for the things loan was taken.
 
S

Sawe

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I once took a personal loan to expand my business and it helped me a lot. I was able to use it for business and paid it back when I got the profits.
 
S

Springtime

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Over all these years, I have taken out a loan twice. One is to apply for interest free government loan to support my university tuition fee. Another is to take out a mortgage loan when I bought my apartment. I have repaid the loans by now. I have no intention to borrow any money for now except I use credit card for cash back.
 
R

Rubz

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To be honest, i have never applied for a personal loan. Most of the times i am in need of urgent money, i take the money from my personal savings.
 

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