Jun 19, 2010

On Loans

Loans can be beneficial if we don't go overboard with it. There are just certain things that we can't buy as cash like a house or a car unless we're financially blessed. But there are times that we just have to be very careful with our purchases on loans and must truly see our monthly income and expenditure first.

Some people can go overboard and end up getting loan after loan to pay up for the past loans. I guess this it what they call as bad credit loans. So, we just have to be very careful and think of the purchase first whether it is necessary or not. And if it is, then we have to think whether we can pay up for the monthly fee or not.

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