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Personal loan
Common reasons for remaining a debtor
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[QUOTE="Kendy, post: 217469, member: 63869"] Assuredly, all the points you have enlisted are valid and nothing short of the truth. People remain debtors because of ineffective management of funds and refusal to set their priorities straight. Also, they spend beyond their budget without thinking about the future as they depend on collecting more loans. There are loan collectors who fund pleasure and ease in collection but to repay is always a major problem. When you do not have a source of income, when you do not utilize the loan you collected by investing it properly, when you do not strike a balance with making profits and also repaying the loan gradually, then you will remain a debtor for a long period of time. Laziness is also a common reason why people choose to remain debtors, when you get a loan, there is a deadline because that is business to the loan owner and failure to pay up will only attract more interest rates. People will get loan and feel so relaxed and will not work towards doubling or making profits so it will be easier to repay on or before the stipulated time. This is the more reason why people do not lend out money to acquaintances because they do take advantage of the Goodwill. [/QUOTE]
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Common reasons for remaining a debtor
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