Did you ever get loan for anything?
By Neha Ahire
@kanukrishna (423)
India
November 2, 2009 11:28pm CST
My father says,
getting loan from any bank or private concern is so easy, But after some installment it seems to be hard to return it,
I never get any loan, if you got and you also paid them with full interest, what was your experience about that.
I mean did you tried to get an another loan, Or you thought getting loan is not easy in any way so you choose to not get any loan in future.
"NEHA"
4 responses
@kanukrishna (423)
• India
3 Nov 09
YA you are right,
we should take care of the bank also,
getting loan from any of private bank can be dangerous in future.
and it will charge us more interest than government banks.
"NEHA"
@minx267 (15527)
• Hartford, Connecticut
3 Nov 09
I am currently back back my 3rd car loan. And I also have a mortgage loan for my house. they often do credit checks to make sure you are not only trustworthy but to make sure you earn enough to afford to pay it back, before they will even consider lending you the money.
You do need to rearrange your spending and be even more thrifty when you have loans out. But once you pay it off- your credit rating will increase and it will make it easier for you to get other loans or even credit cards.
@kanukrishna (423)
• India
3 Nov 09
Ya I think you are right, we should take care of our earnings first then we should know that how much we can give as an Installment and for what time period.
So, it can be easy to return the amount.
"NEHA"
@harmonee (1228)
• United States
3 Nov 09
I've had credit cards before, but don't use them any longer. I also have a loan for my car and my house. I would love to just be able to buy everything outright, but alas, I can not. I really want this to be my last car loan. I got a new car in hopes that it would last longer and I would be able to save enough by the time it craps out that I could just pay for my next car in full.
@moneymakingtoday (4061)
• Philippines
3 Nov 09
My first loan was a car loan from the bank that I worked for. It was one of the privileges for its employees. They offered it at a very low interest rate and on very easy terms. I had no difficulty paying for the loan as it was automatically deducted from the salary we get from the bank. There were other loans made available for employees, like housing loan, house improvement loan, appliance loan, etc. which I did not avail. Now, I am paying some other loans from the cooperative at a very minimal interest rate. Lucky for me, I don't find it hard to apply for a loan nor paying for its monthly amortization.
