Do You Have Outstanding Loan?

[nomad]

Do you have an outstanding loan? What did you take the loan for? Well, I have outstanding loan, I got the loan for my dairy business but sadly I failed with the business and was unable to pay back the loan on time.

 

[Starmix]

No, I do not have. I have applied years ago for curiosity but it seems impractical for me paying interest. I paid it in 4 months and never applied no reason.

 

[Shavkat]

Thank God, I do not have this kind of scenario in my life. As much as possible, I do not want to apply and loan some money.

 

[Springtime]

I never borrowed any money except the mortgage loan for my apartment. It was a 15-year term loan. By now, I have already paid up all the outstanding amount.

 

[King Belieal]

I have managed to clear all my outstanding loans. I hate the fact that I could be indebted to anyone. It is always a mental burden for me. That's why I clear them all.

 

[Fidelia]

Would I call it a loan? It is a debt that I am owing the lady that sells groceries for stuff I took on credit.

 

[You]

No worries, I'm debt-free. I made a conscious decision to avoid loans. Instead, I save up for what I need or want.

 

[freelancermaria]

I currently do not have any outstanding loans. I previously had credit card debt, but I managed to clear it. Additionally, I borrowed money from my sister for my college thesis several years ago and have already repaid her.

 

[Sanjeev]

No, I don't have. I don't prefer to take loan for any reason but now I think I will have to take education loan for the higher studies of my kids.

 

[Starmix]

Thank God, I do not have this kind of scenario in my life. As much as possible, I do not want to apply and loan some money.

It's a scary thing having a loan we'll be having a headache paying it monthly for years.

 

[Sanjeev]

It's a scary thing having a loan we'll be having a headache paying it monthly for years.

Yes, that's the problem. You have cut your budget and have to pay the monthly instalments.

 

[Starmix]

Yes, that's the problem. You have cut your budget and have to pay the monthly instalments.

It's better not to apply for a loan. The interest is soaring if not paid in months.

 

[Sanjeev]

It's better not to apply for a loan. The interest is soaring if not paid in months.

That's true. It's better to survive on what you have than to buy things on loan and paying it afterwards.

 

[Starmix]

That's true. It's better to survive on what you have than to buy things on loan and paying it afterwards.

Correct, let's be smart in our decisions. There are other ways to earn more.

 

[eldavis]

Taking loans is one thing I am always trying to avoid, due to this I do not have any outstanding loans.

 

[Rubz]

I do not have an outstanding loan. I hardly take loans. Most times, if i have a need i make use of my personal savings.

 

[Niyi Briggs]

I don't have any outstanding loan. I have cleared all my liabilities because I hate to owe people.

 

[Sanjeev]

Correct, let's be smart in our decisions. There are other ways to earn more.

Loan is like a trap and the companies want to trap people so that they may get extra money through the interest people pay on loans.

 

[Starmix]

Loan is like a trap and the companies want to trap people so that they may get extra money through the interest people pay on loans.

Loan is good if the intention is good like renovating a part of a home, if not don't proceed.

 

[cherry123]

Nope, I don't like to take loans it would not be easy for me to pay back so I always avoid anything loan especially those with high interest