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

[Ratine]

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.

 

[Stardom22]

Of course yes. I have a good credit report as l tend to pay back my loans on time.

 

[Starmix]

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]

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.

 

[King Belieal]

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.

 

[eldavis]

I have never taken any loan before, and I really hope I do not take one. Loan is one thing I fear seriously.

 

[nomad]

Yes, I have been able to accomplish my goals of getting a personal loan. I use personal loan to manage my finances.

 

[cherry123]

I just took a small loan from my bank as they keep sending me a notification but good I used it wisely

 

[Sanjeev]

I have never felt the requirement of taking loan. Maybe I am fortunate that I never got in such situation.

 

[Stardom22]

Taking of loans pose burdens to the borrowers as most loaning programmes charge higher interests.

 

[Sanjeev]

Taking of loans pose burdens to the borrowers as most loaning programmes charge higher interests.

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.

 

[Sawe]

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.

 

[Fidelia]

Every loan taken must be used immediately for the purpose it was taken. Diverting loan funds to other purposes is a recipe for disaster.

 

[You]

Unfortunately, no, I haven't accomplished the purpose for taking that personal loan... yet!

 

[IB D]

The last loan that I took was to help me pay my house rent. I paid the rent and have since paid back the loan.

 

[Springtime]

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.

 

[freelancermaria]

I borrowed some money from my sister to cover the costs of my thesis during college. Luckily, I managed to pay her back after I graduated.

 

[Kerryjoy]

Very true, people are just not disciplined, and that brings them another burden to their lives

 

[Hate2Wait]

It's tough but not impossible and you can go for personal loan and should have better actually good credit score or CIBIL score to get loan

 

[Rubz]

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.