Do you have any kind of short term loans?

nomad · Jun 4, 2024

Loans having a term of less than 12 months is usually called short term loans, do you have any kind of short term loans? Why did you borrow this loan, for personal finance or for business/investment?

King Belieal · Jun 5, 2024

My mom just took a loan to help her fix her car. And she is supposed to pay back within 6 months with a total interest of 10%.

Sanjeev · Jun 5, 2024

No, I never took a loan as I never want to exert myself for loan.

Springtime · Jun 6, 2024

I have never taken out a loan other than the mortgage loan when I bought my apartment years ago. I have already cleared the loan three years ago. I do not like to borrow money except I use credit card for cashback.

Stardom22 · Jun 28, 2024

In a matter of fact that's my very types of loans. Whenever l need one l would take one because of the flexibility in the repayment.

King Belieal · Jun 28, 2024

Stardom22 said:
In a matter of fact that's my very types of loans. Whenever l need one l would take one because of the flexibility in the repayment.

How are you able to manage loan repayments and the burden of meeting up with everyday survival. Does it lead to financial crisis for you?

Shavkat · Jun 29, 2024

I have a short-term loan and it needs to be paid for 6 months. It was not that heavy to pay it monthly.

Cam · Jun 29, 2024

This reminds me of those cash advance businesses that are all over the place. I avoid them like the plague.

Fidelia · Jun 29, 2024

I personally avoid all those short term loans especially from loan sharks. Their terms are not always transparent. I don't have any loans at the moment.

Hate2Wait · Jun 30, 2024

I think having a credit card is equal to having a short term loan, only thing is we need to pay on time and if not then we need to pay a penalty for that.

Sawe · Jul 3, 2024

I have one short term loan that I took for personal finance. I have been paying it back in installments with my salary and I am almost done with it.

You · Jul 6, 2024

No, I don't have any short-term loans. I've been fortunate enough to manage my finances without needing to borrow money for unexpected expenses or emergencies.

freelancermaria · Aug 11, 2024

I am currently not in need of a short-term loan, and I really want to steer clear of it if I can. Hopefully, I won't have to borrow any money in the future.

Kerryjoy · Aug 11, 2024

Yeah but they are so stressful because you try to meet the deadline before time.

Rubz · Aug 26, 2024

I do not have any kind of short term loan. As a matter of fact, i do not have any kind of loan at all because it short term or long term.

eldavis · Aug 26, 2024

At the moment I do not have any short term loans and I would really like to avoid it.

Hate2Wait · Aug 27, 2024

I think credit card is also a form of loan so yes I have taken short term loan in this way and always pay on time

Starmix · Aug 30, 2024

I experienced it in my first year of work. I want to enjoy bulk money, and spend it for something. It was paid good for 5 months loan.

Hate2Wait · Aug 31, 2024

It happens at times when we like to have more money even if we don't have plans to spend but we should also consider the ROI

Do you have any kind of short term loans?

nomad

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Springtime

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King Belieal

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