Will you apply for a loan?
By happy2512
@happy2512 (1266)
Philippines
December 26, 2009 6:23am CST
Will you apply for a loan in order to spend for the special occassions that your family will have to celebrate & suffer paying the amortizations & interest?
Please share your experiences.
3 responses
@garnettliu (16)
• China
27 Dec 09
No,enjoy something before what you have.Do something what you can do.
1 person likes this
@metalsolid86 (431)
• United States
26 Dec 09
No I wont apply for a loan because then you would have to pay them back and that could be more expensive to do and if you dont pay them back then your really introuble and will probably hurt you in the long run. I dont think I would ever take out a loan for those reasons and off course if I needed a loan I can always ask my parents to help me out would rather pay them back then the loan company.
1 person likes this
@happy2512 (1266)
• Philippines
28 Dec 09
You are right its better to borrow from our immediate family than the lending institution. We can pay lite without interest.
@kokila19 (102)
• Kuwait
26 Dec 09
Definitely not..!! for one day celebration, we need to suffer for more than one year paying interest :(
I think our family members can understand our situation more than others.
I personally do not go for getting a personal loan for the special occasions. May be we can do like this, we can start saving money before the occasion.
1 person likes this
@happy2512 (1266)
• Philippines
28 Dec 09
Yes you are definitely right about it, it took so long to pay the debt. Thanks for sharing.
