Do you take loans?
@leighnyork (1873)
May 30, 2023 4:47pm CST
Hello friends,
today has been the most wonderful day of my life as I met one of my old friends back in school
This usually troubles most of us, in a dilemma of whether to take a loan or not.
for me in most cases, if it is not an emergency of life and death I cannot take a loan because of the terms of paying back the loan, what if I don't take it back in time?
and with interest.
what about you my friends, do you take loans , or it is kind of a big risk
20 people like this
21 responses
@jefferson126 (3670)
• Shenzhen, China
31 May 23
I always have had loan since i bought a house 10years ago,it's very common here lots of ppl had house loan.But if only the instalment is not that high,we can live with loan until retirement.
2 people like this
@jefferson126 (3670)
• Shenzhen, China
31 May 23
@leighnyork ,paid every month,and will pay off loan ten years later.
1 person likes this
@AmbiePam (120533)
• United States
30 May 23
The only loan I ever took out was a student loan for my college education. If at all possible, avoid taking out a loan. If it is for an education or a home, that is worth considering. Other loans are usually bad ideas unless you are in a very good financial state.
2 people like this
@Metsrock69 (3617)
• United States
31 May 23
I had car loans years ago and had a couple of houses. Other than that I just use credit cards
2 people like this
@Deepizzaguy (122070)
• Lake Charles, Louisiana
30 May 23
I do not take out loans of any kind since I have fears of not being able to pay it back.
2 people like this
@LindaOHio (222222)
• United States
31 May 23
We try and save for anything we want rather than taking out a loan. The interest rate on some loans is terrible.
1 person likes this
@LindaOHio (222222)
• United States
31 May 23
@leighnyork We have enough funds put aside for emergencies.
@leighnyork (1873)
•
31 May 23
That is a good thoughts what about during emergency
1 person likes this
@kaylachan (84699)
• Daytona Beach, Florida
31 May 23
I take it if I feel I need it, otherwise. No.
1 person likes this
@kaylachan (84699)
• Daytona Beach, Florida
31 May 23
@leighnyork We don't take what we can't pay back.
@RebeccasFarm (91299)
• United States
30 May 23
I do not loan money from or to people.
1 person likes this
@manikarnika (3301)
• India
31 May 23
I don't like loans especially with interest...Mostly i try to avoid it.
1 person likes this
@manikarnika (3301)
• India
31 May 23
@leighnyork During that can opt for loan but people should try to repay soon.It is great Head Ache.
@shaggin (74988)
• United States
1 Jun 23
I have never taken out a loan either. I would be worried just like you.
@LeaPea2417 (40020)
• Toccoa, Georgia
31 May 23
My husband and I have taken loans in the past. We also have two at the moment.
@sallypup (69157)
• Centralia, Washington
1 Jun 23
Years ago we took out a loan so that we could help our daughter buy a house. We only took on the loan after deeply thinking about it and talking about it. We paid it off in good time.
@just4him (323168)
• Green Bay, Wisconsin
31 May 23
No. I don't take loans. I'm completely debt free and intend to stay that way.
@aninditasen (18198)
• Raurkela, India
31 May 23
I did take house building loans twice. Once to build a house and another for its renovation. I have squared them up.
