How often do you borrow loans from others?

[aovurevu]

Except when in a critical situation, I try as much as I can to stay out of debt, I avoid it the much I can, it's never a healthy something to do, except the money you want to loan will be used for investment or running a business.

Accumulated debts is not healthy for financial growth as the debts are always on your neck if you don't pay off quickly and then you notice all your earnings are going into paying debts and you won't feel free until you pay up.

 

[Heatman]

I often borrow money from people when I am really broke. But I always make sure to pay back. I don't usually take loans and fail to pay back. There are people that I lend money often too.

The problem of most people not being able to pay back whatever they borrow from people is the reason why most people don't like giving out personal loans to people.

 

[AruneBend]

1 have not experienced borrowing a loan from others. I'm scared of loans and there's no reason for me doing it. I know this exists because of urgent financial needs. The first problem but the next problem that seems like forever is paying the loan.

Yes well you can get into a lot of troubles if you won't be able to pay it back it's important to be able to pay it back taking a loan is dangerous so make sure you really need it

 

[Hate2Wait]

I don't like to borrow money unless it's absolutely necessary and I have to borrow but I hope and pray that I don't need to do that as it's not a pretty situation

 

[Heatman]

I don't like to borrow money unless it's absolutely necessary and I have to borrow but I hope and pray that I don't need to do that as it's not a pretty situation

This is exactly the same way it is for me when it comes to borrowing loan from financial institution because it's something that I will never be interested in doing.