Pleasures of life on loan. Do u also do it?
By timuss
@timuss (474)
India
January 2, 2007 12:06pm CST
Thts the new trend growing among Indian youth,which are very ambitious,wanna to be rich and hv high standard of life as soon as possible.
And if they don’t hv money , don’t hv resources, they even opt for loans.
But in due course of time they find themselves besieged by recovery agents.
My question is why to buy something if you cant afford at present thn why to seek that thing?
1 response
@nehalg09 (89)
• India
3 Jan 07
loan is a facility that u can buy a thing which u can afford fully. Means we have bought a house 3 yrs back and we had only 40% of cash amt ready then we toook a loan for rest 6o% and we could get our desired home, without that may be we would have compromise on our choice according to the available funds. but, yes I believe that taking loan for each and every thing is risky, because in return u have to pay a much bigger amt then its cost.
