What drives you to take personal loans?

Ratine

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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?
 
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Fidelia

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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.
 

You

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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

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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

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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.
 

Rubz

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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.
 

timewo

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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.
 
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