You are viewing a single comment's thread from:
RE: Important Points to Consider Before Taking a Loan
Nicely put. Loans either make you or mar you. One should think wisely what the end result of obtaining a loan will be. @smaeunabs, I love that part where you said "Enjoy now, suffer later". More like one is postponing one's suffering.
Don't let those beautiful sweet-coated mouth representatives sweet-talk you. As she rightly put, go through the loan terms and agreement word by word, letter by letter and take your time to study the terms of the loan and agreement because at the end, once you pen your signature, ignorance will never or can never be an excuse.
My sister had a bad experience of signing a loan contract without looking closely at the interest rate, which made her really broke paying for a loan that has nearly 50% interest in 6 months.
Indeed, ignorance is never an excuse. Thanks for sharing your insights @aprecious!
Yes, there are many vital points, one of them, which must be dealt with before you send an application for a loan, is the definition of its purpose. This directly affects the type of loan and, accordingly, the terms and conditions of the loan. I think that loans are undesirable and should be avoided if possible. But if you don't borrow money thoughtlessly, you can change your life for the better with credit money. For example, you can get additional education or improve your living conditions. And with the help of a mortgage, after sorting out all the issues with a Mortgage Advisor Manchester, you can buy a house in one fell swoop. Isn't that cool?