Loan can makes you addicted ?

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Posts: 21
Joined: Thu Feb 02, 2023 11:01 pm

Let's imagine you get some loans from the bank, and for some reason, you cannot pay them back, so you borrow money from other sources. Sure, this works for a while, but later, horrible things could happen.
Posts: 20
Joined: Thu Feb 02, 2023 10:14 pm

Taking loan may become addicted if you requesting more than your limit. Due to higher interest rates, taking out a second loan solely to pay off the previous one would only result in you accruing additional debt.
Posts: 20
Joined: Thu Feb 02, 2023 11:03 pm

That's the only reason why some banks required salary certificate and bank statement to get the loan. If you have good salary package banks approve your request but depends on your salary.
Posts: 21
Joined: Mon Oct 19, 2020 1:27 pm

Well, the only way to solve this issue is to work more harder than normal to earn enough money to make your payments on time while still saving as much as you can.
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Joined: Fri Mar 03, 2023 6:08 am

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PeterShamankit wrote: Fri Mar 03, 2023 6:10 am <a></a>
Move your post here in marketplace: viewforum.php?f=28
Posts: 26
Joined: Mon Apr 03, 2023 11:51 pm

Taking loans can lead to addictive behavior if not managed responsibly. When people borrow money and struggle to repay it, they might resort to borrowing from other sources to cover their debts.
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