Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
How to reduce loan accumulation
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Carpon, post: 264674, member: 86701"] As a business person, you must do well to avoid loan accumulation. Loan accumulation is a condition when you have acquired too many loans to a point that you may not even be able to settle them conveniently and without having to feel the financial heat thereof Therefore how can I be able to avoid accumulating too many loans on me and my business First and foremost you must adopt the habit of consistent savings why because usually the cause of loan collection is the inability to source enough funds to run your business efficiently and effectively. Thus you will need to get monetary support and you jump into loan collection. But once you have a savings account and an issue comes up. You can simply go to your savings wallet and use it to settle the issue at hand. So a step towards avoiding the accumulation of loan is by adopting a good savings plan Furthermore, you should make a rule and set a bar that must not be crossed peradventure a long becomes unavoidable. If it becomes the last option and you must collect loan you must set a limit to the amount you will and can collect. A limit that if crossed can crush your financial security. Therefore set a bar may be a loan must not reach a million or just as your financial profile will decide. Make sure you settle all loans before collecting another one. If you have loans on you and you still go and collect more, be rest assured that you are crippling your business and that is a very wide road to financial instability and crisis. It is a way to getting your self laden with loans and accumulating much if it in you, your business and thereby ending your business journey in catastrophe. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
How to reduce loan accumulation
Top