What drives you to take personal loans?

[Ratine]

As we all know that there is nothing like a good loan. Debt is very bad and risks one to go bankruptcy in case they fail to pay back.
What's your take on that?

 

[Shavkat]

I might do this if there is no other option. As much as possible, I will not do it.

 

[Springtime]

I have never borrowed any money except I have taken out a mortgage loan when I bought my apartment many years ago. I also use credit card for cash back.

 

[Stardom22]

For me the financial constraints and the need for more money to meet up with the expenses sometimes forces me to take loans.

 

[Shavkat]

I have never borrowed any money except I have taken out a mortgage loan when I bought my apartment many years ago. I also use credit card for cash back.

I think it is a wise decision to loan with regards to a mortgage. I will do the same thing I did in your shoes.

 

[Fidelia]

I have seen people take personal loans for a health challenge that requires a lot of money to treat. And most times, the person still dies from that health challenge.

 

[nomad]

Since my income fluctuates, I cannot pay my bills regularly, which pushes me to get a personal loan

 

[eldavis]

Taking loan is something that scares me a lot, so notting has ever driven me to take one

 

[You]

I haven't taken a personal loan, and I aim to keep it that way. I prioritize saving and budgeting to cover unexpected expenses or big purchases.

 

[Starmix]

No, I never experienced on loaning there's no reason. But I was hired a co maker but the maker failed to pay and the bank urged me to pay as a co maker but I told the bank the debtor was alive so the bank traced the debtor and confiscated her valuable things with a sheriff.

 

[AmazingJob]

I just got a credit card last month and started to do cash advance because I need to pay off other bills. But I want to be very careful with my spending.

 

[jetsaints30]

Personally, I try to avoid taking personal loans as much as possible. I prefer to save up for what I want rather than borrowing money.

 

[AmazingJob]

Personally, I try to avoid taking personal loans as much as possible. I prefer to save up for what I want rather than borrowing money.

That's good that you can save money so that you can use it if you need something to buy. In as much, we should not borrow from the bank or app because the interest is so high.

 

[freelancermaria]

I am open to exploring alternative ways to earn extra money to cover my expenses. Ideally, I'd like to borrow money as a last resort.

 

[Kerryjoy]

Mostly it's just emergencies, and I cannot handle the, but if not necessary I just leave with what I have

 

[Rubz]

Nothing has ever driven me to take personal loans. Anything i feel i am in need of urgent money, i make use of my personal savings. There's no need taking loans when one has savings.

 

[Hate2Wait]

I don't have any such drive to take personal loan and don't like to stay under debt without any reason so I don't like it

 

[timewo]

I have never taken a personal loan anytime since I am very hardworking and have led a frugal life, though fraud government employees falsely claim to own my savings.

 

[Ratine]

I actually take personal loans due to the financial emergencies that could arises without notice.

 

[Hate2Wait]

Taking personal loan can make you bankrupt If you are unable to pay for it because they charge max ROI for that