Topic: Quit borrowing - page 6. (Read 2572 times)

It should be remembered that at first it was compulsion that this could become a continuation in addiction which makes them always have the mindset that borrowing is the only way to make their condition better.
Not a few things like this happen because their mindset has been set considering that the previous loan was paid off well which made them think about borrowing again with the same thought that this could also be resolved.
But on the other hand they never think about the worst possibility when passing and have to pay every month because indeed their belief is always in a state of full confidence.

Actually it's still the same as before and I agree with you about knowing your own capacity in this regard but on the other hand it's also not a guarantee because even if we are initially able to pay installments it is not certain that in the future we can comfortably do that too.

At least people must first measure the limits of their financial capabilities before intending to take a loan. but often this one important thing is neglected by those who are addicted. But there are situations where they are forced to do so even though they realize their ability to pay may not be very good. What is really embarrassing are those who borrow only to buy branded items that they use to show off and prioritize style in their life. But those who borrow for an urgent need can still be considered reasonable.

I agree, I recently get a loan here in forum to provide my needs for medication. I don't have any option since my earning in a company is not sufficient and it makes me more anxious that's why I don't have any choice but to have a loan. Now I am searching for some side hustle so that I can pay my loan and other debt. having an illness is a big problem and can affect your budget so having a loan or borrowing is not a bad option if you don't have any choices.

But you already know that borrowing money can never simply be done for business purposes. What about those who have sick family members or patients in a hospital who are looking for a method to pay for their care if they have no other options? What do you think will be their solution? I think borrowing can never be used only for business purposes.

The same question also applies to sick people: What do you think they would do if you had no other option to earn money but to borrow from them while they were ill? All things considered, I just want you to know that most people borrow money to pay for expenses like illness and other necessities rather than to fund their demand for more money.

They are government employees who are borrowing loans not for commercial purposes but rather to meet their family's requirements at the right moment so they can repay them later.
 

Trying to make some background check? This is something that you could precisely know on which there's no way that you could be able to see on what are the things that they currently dealing with considering this is
really indeed a personal thing which it shouldnt really be shared out or never that right to got involved on things that they are really that doing. Therefore, there's no way that you could be able to know when it comes to background and if you are that someone who do really lend out money into other people then background checks is never been that 100% sure that you would be knowing everything specially on things that they are getting involved into.

As much as possible then you shouldnt really be borrowing if its not really that needed but we know that there are situations or circumstances in life on which we do see some opportunity and able to have that shortage of funds on which we would really be having that consideration on taking up some loan to ease up the situation and able to deal up on the things that you would really want to deal with.
Its very situational and its not really that bad to take some loan as long you would really be that responsible on paying it back. Wrong things turns out to be common on this space is just that because people wouldn't
really be mindful about their obligations on the time that they had already benefited out.

If we want to give loans to other people, we have to look at their side of life, do they have bad habits or good habits where they are always on time when paying back, because if we lend the wrong person, it will be complicated, especially since the money from the loan is only used for Your own pleasure is not getting out of the crisis problem and that must also be considered so that we don't take the wrong step when making a loan.

What do you say he doesn't want to borrow because of his uncertainty in his income, so he's afraid he might fail to pay off the loan, so he doesn't want to make a loan and it's better to work hard, that's how he survives, but if you really want to help, then go ahead is in our decision as borrowers.

Sometimes there are people who borrow to spend, to serve their bad habits, deserve condemnation, and don't deserve us to lend them money. But there are also many people who have real difficulties, and if they don't borrow, they have no solution to sustain their lives. I have met such people in my area, they work hard, never even stop for a moment. But their lives are full of uncertainties, and they can't help but borrow money to solve them. Borrowing money is something we should avoid, but there is no shame in it if we really need it, and if we can pay it on time, there is nothing to be ashamed of.

Wow, real-talk as it is, but nothing to argue as those people will not learn if they will not bring this kind of things to them.

If you will not be straightforward, then there's nothing to reflect with those kinds of people,
they will keep asking for more loan and will try every chance that they have to make
something out of you and they will just repeat it from time to time.

I hope borrowing never put us to shame before we quit this action, why can't we learn and give it all it takes to also be an owner and lend to others than borrowing always, some people have no courtesy to what they can borrow, how they borrow and from whom they even borrow from, it a thing of shame that some people don't even count it serious that they should stop or limit the extent of things they borrow.

I agree with you: Borrowing reasonably is one the greatest thing to be kept in consideration. Some people are habitual and keep borrowing money all the time. They never borrow to return. On the other hand some people are great in dealing with their loans.

Once is enough but if they try to ask you and didn't paid the first loan they took you, what a shame on them. You've helped them without having a second though and when they're able, they did had a second thought of paying you.

Sometimes you have to be hard on these people even if they've got a pitiful situation. They can't get out of that situation because they don't even think of the feelings of the others that they're asking for loan.

That's why karma has always been real and what you did to others will always come back to you depending if it's a good or bad one like this in borrowing.

Yeah right, there's an instance that you have no choice but to lend them money but if by chance they will not pay you back.

You have to let it go as they can't look into your eyes and ask for more since you already give them
and you are not willing to let them to barrow again.

It's really hard, especially if the person is close to you and the trust that you give them will be broken
that feeling between you will be damaged, and it's hard to recover that same trust again.

Those people have no courtesy and respect to the lenders. When they are in need, the lenders have given them the money they're asking but in return, they intentionally want to default.

Actually, if this happens in the circle of your family and relatives. Then, it's a good riddance as you get rid of those people so that they won't come near again you asking for some money.

And they'll be the one that's ashame of asking that from you again if they didn't pay you their obligation for the loan.

There's a saying, a mistake will never be corrected by committing another mistake.

Just like borrowing money, if the reason why you borrowed money is just to pay another debt of yours then that cycle will never be finished as you will always find yourself in the very same position in time when the debt is already nearing its due and where all interests are needed to be paid. Actually, having a debt is an unwanted option in the first place but sometimes we are in the edge where borrowing is the only option left to solve the problem.

Borrowing isn't inherently bad if done responsibly and with a clear repayment plan. There are situations where borrowing becomes a necessary and temporary solution to specific needs or crises. When borrowing is approached as a temporary measure and used in moderation, it can help you close a financial gap or overcome unexpected costs. Small, short-term loans, like the ones you mentioned, can be useful for dealing with urgent needs when there are no alternatives. But you must be aware of your financial situation and not rely on borrowing as a long-term strategy to manage expenses or maintain a certain lifestyle. Being constantly dependent on borrowing without a clear repayment plan can lead to a vicious cycle of debt and financial stress.

Some things that needed to consider before engaging or taking a loan,

There are obligations that you needed to settle unless you will use the money to start up a business or you will going to invest it
which you can potentially earn, but if you will going to use it in a personal satisfaction, time will come that you will regret, most
of the time if you are unstable then the problem will be huge and embarrassment is very possible to happen when the loaning people
starts to humiliate you.

Once you ever engage into borrowing money that leads to your regrettable moment and learn your lesson the hard way after you have been disgraced and embarrassed from the loan shark, people don't have that enough patient to wair for their appropriate time to make things done in life, they also don't look into their current position and situation if they can afford a pay back to the loan they lend, it's not good as well for someone that does not have a steady flow of imcome to emback on taking loan.

I also agree that if the loan is taken based on the desire to do business because it has the good intention to make the basic capital grow which of course has the possibility to pay it on time. But sometimes there are also people who make the wrong decisions in life when they take loans that they don't use for business, this certainly won't make a person develop in their life. Because he could not think of running a business with the existing capital.

Being too reckless will also destroy the life of someone who basically still wants to grow but instead falls without him knowing it. This means that he who takes a loan for investment has completely forgotten about the risks that might occur so that such a person is too reckless to make a decision like that without thinking that his decision was a very wrong thing. So people like this need to be given understanding so that they can place loans in a better place, not in places where the benefits are still uncertain.

Some people made borrowing a habit but not responsible when it's already due to pay. Worst they're ignoring the lender as if it's nothing. Borrowing money can also ruin a relationship between the borrower and lender. I experienced this many times (most of them are relatives and close friends). At first you feel pity so you would like to help since they're promising to pay. But after they spend the money and after months of waiting, they just ignored you like they owe you nothing.

Well, it's fine to ask for loan but be a responsible borrower who knows the responsibility and won't run from it. In addition, do it if only necessary and not as habit for your wants.

They don't damage people but they damage their ownselves because of the habit of borrowing money. They think it's cool and easy for the lenders if they have the habit of it but when it's come to paying, they don't make it as a habit.

Not a problem when you're a borrower and you only do that sometimes and you're always paying on time. If there's a personal lender, you won't damage yourself on them.

But if you do this to the banks and other private lenders, you're the ones that's damaging yourself and you think that it's okay to flee and default from the loan you've made.