I know many of us resort to loans whenever we think, we are in need of money for some things. Some believed that when you are short of money, that's when a loan should be taken.
Although, I know a loan can be very helpful, in so many ways, especially in dire situations. During that period, we may think, that's the high time we took a loan. But circumstances and situations varies in life that actually determines if a loan is the way out.
I personally don't like loans, as I know some of the commercial firms in it, just want to burden you with more loans, so you wouldn't have to capabilities of paying back as they know your collateral is at stake. I prefer to ask for support from families or friends than going for loan.
When do you think a person actually needs a loan for real,?
what will be your right reasons for taking up a loan?