Personal loans
By pogi253
@pogi253 (1586)
Philippines
August 11, 2011 10:37pm CST
Personal loans are a great assistance to the people and offer the borrower great flexibility in how to capitalize the money taken on credit.
While taking the personal loans different persons have different standards while they are looking for loans. Certain people look for lower interest charges where as some look for lower monthly installments however few are able to put confidences online while others cannot.
Loans are the requirements of all those individuals who do not have sufficient money by themselves. A source of cash for them is personal loans. They are one of the best choices available because they offer all those services needed by somebody when one takes the loan.
Despite their seeming appeal, personal loans do have their fair stake of drawbacks. Prominent amongst them is loans don't need any safety; they are viewed as high risk by the lenders. In order to counterbalance their risks, these loans convey very high interest rates.
6 responses
@celticeagle (161097)
• Boise, Idaho
12 Aug 11
I think these should be entered into with all seriousness. Loans wouldn't be available if the loaner wasn't making alot on each of them. I think it is important to save and pay cash for things. Ofcourse now days people want things fast and can't wait to save.
@angelslove143 (39)
• Canada
12 Aug 11
Personal loans are of great help for someone in need. But we must be careful and consider many things before having loans.
2 people like this
@celticeagle (161097)
• Boise, Idaho
12 Aug 11
That would be the smart way to handle it.
1 person likes this
@coffeelover101 (94)
• Philippines
13 Aug 11
But do you really need a personal loan? I think thats the most important question you shouls ask before you decide to take out a personal loan. We should ask questions like do you need the money right away or just wait and save what you need.
Are you in a position to make all your payments in full and in time? Will the new payment stretch your budget and leave ou with no extra money at the end of the month?
Is it to pay for something you truly need or just something you;d like to have?
I believe before planning to take out a personal loan...think again again and again.
1 person likes this
@neildc (17239)
• Lapu-Lapu City, Philippines
15 Aug 11
i have to get personal loans, once in a while.
it's because what i earn from my regular job is not enough for the entire family's needs.
i have still few personal loans that i am paying each and every payday.
but the most important thing about loans is your capability to pay.
@asliah (11137)
• Philippines
4 Dec 11
hi,
people sometimes need financial assistance due to some reason like in business or even in personal,this loans are really important to everyone who have shortage in money for their needs,i also attempt to loan just because i just wanted but i choose to request a cash advance that no interest but need to pay within two months.
@HeartCJ1921 (194)
• Philippines
4 Dec 11
Hi pogi253, personal loans? For me its a good way to every people like me, because its help for financial problem if i have an emergency cases, and if i made an a bussiness its so helpful because i have an a capital to starting my bussiness.
