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RE: A Loan experience that wrecked my finances

in Hive Learners13 days ago (edited)

I fear these loan sharks that loans one with interest and they would be on your neck till you are frustrated. They don't mind tarnishing the image of the victim. It is why one must be careful when taking loans, you have to have plans made to repay it back before things go south.

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 13 days ago  

My dear even after you plan a perfect payment plan, just hope that nothing goes wrong to cause a glitz in payments. Most of the challenges that comes with repayment is when an something comes up and use the money one desires to use for servicing the loans. Anything can come up.

Imagine someone taking a loan to buy good which then gets stolen even before he sells them to service the loans. Maybe not experience unfortunate events as such.

Thank you for your contribution.

 13 days ago  

Yes, when taking loans, we should also pray not to encounter any unexpected circumstances that would stop us from paying back or even losing our capital for which it is intended for.

 13 days ago  

Exactly sis....that's the point