Is borrowing money a disease?

the consumption of things that is a disease. people used to buy a new things while actually he had one. just like cellphone. it seems that most person loves to change it every month. even they have no money to buy it, they borrow from others or banks.

If we are borrowing to spend lavishly then certainly its a disease which should be treated at the earliest.Money is to spend for causes,Borrowing money can be avoided to some extent ,rather friends we can have only bitterness in relation ships by borrowing.I have experienced this personally ,many a times even though i do not wish be one of that sort.

It is not a good habit to borrow things. I would prefer to buy something for my own use rather than borrow it from someone.The same goes with money.If I like something and I want to buy it then I just go and earn money.

Borrowing money is not disease but if a person borrows money without any reason for gambling or spending unnecessary then it can said to be disease. Borrowing money do increase the chances of tight budget u cannot manage your funds properly. I does lead to a bad habit. So try avoid borrowing money.

borrowing money from bank is quite useful as it provides better facilities to a person.but borrowing a large amount from the bank will make you to pay large installments in a month. if you are living in middle class or low class family then it is more trouble for you

I think it does hamper progress because if the compulsion is already a matter, then borrowing will only make things worse. What that individual needs to do is take a look at his or her financial status and determine if the situation is too much too handle. You can't get out of debt by borrowing, that's for sure. Once the individual realizes this, he or she may begin to see the mistakes that have been made.

Well, it really depends on what the person is borrowing the money for, and their intent to do with that money as well, and are they planning on paying it back? Borrowing $$ is just like using your Credit Card except for it is real Cash you can use to pay off bills and buy food etc. with as well. Overall if you are borrowing $$ especially from a friend a good way to loose them as a friend is never offer to pay it back as well. So in reality borrowing money is something you should not get in the habit of unless you can afford to pay it back soon as well.

It's a huge disease that is having lots of impact in my country.

borrowing money isn't a disease its what you do wtih the money that is. Most americans can't get a loan to cover all the bills they need to pay off so what they do they get the loan for a certain amount then they go and get the big ticket item they really want instead of going ahead and paying off one or two bills. They just take the higher road and get what they want and put them selves further and further into debt.

Hi suchi, let you know first that borrowing money is not a disease but it is a need. When there is a extreme need then one borrow money from others, relatives, friends or bank. When you buy a house you take a loan and it is also a form of borrowing money but you return it with interest then how can you say it is a disease. When you return money with interest then there is no need to say you are weak, infact you are strong and free to say that you had a house.. Whether you're starting a small business, remodeling your home or just paying some bills, from time to time you'll need to borrow money. Will you think it is a disease??? I don't think so..

Only if money being borrowed will be used for non-important things. If this is the case, then it is a disease of useless spending. Therefore, it should be treated immediately to prevent it from putting the person further into debt.

It is part of our life, even the richest man in the world has his own debts ..

Yes, I believe that borrowing money is a disease to those who have this bad habit of borrowing money frequently with or without reasons.

Yes you are right borrowing money means disease because if interest is increase and the person unable to give return back then the person may fall in ill. Borrowing money is not good thing.