Do you prefer to take a loan or buy goods in credit?

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Sanjeev

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I never use credit cards in my entire life. It means I pay products or services in cash.

I also have never thought of purchasing things through credit card. I have never owned a credit card because I hate buying things on credit. When I have a cash I purchase things otherwise not.
 

Passiveearner

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I have no problem buying goods and paying for those goods later on as long as I don't need to pay interest. I think buy now pay later services can help people purchase many things as long as no interest or usury is involved.

I do prefer taking loans to buy the most expensive products as l don't afford buying them in cash.
 

Passiveearner

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The biggest problem with buying goods on credit us the fact that you have to pay interest even if you purchase goods on installment. This can greatly increase debt and your budget can get destroyed.

I would rather buy goods on credit from offline stores that I am a regular customer than take a loan.
 
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