There is nothing like good or bad loans anywhere, loan is loan no matter how much you try to polish it, that doesn’t change the fact that one is a debtor. The making or breaking of a person through loan is solely dependent on the collector of the loan and not the loan itself, which means; what the debtor uses the loan for will determine if the loan will either yield something meaningful or nothing at all, a loan is meant to be utilized wisely to yield one’s desired result. A loan is nothing more than a debt that is meant to be paid back within a certain period of time with or without interest, this i know quite well as it’s all from experience and not just from speculations…
Loans will either make you or break you, the power to be made or broken down through loans is in our hands, what we use the money for will determine if we will be happy paying back the loan or if we will be forced to pay back when its due…
I couldn’t resist jumping on this topic when i saw it being announced days ago, i was quite eager to participate in this topic because i am quite vast in the field. I was once a DEBT/LOAN COLLECTOR for a micro finance firm I worked with about 2-3 years ago, I spent eight beautiful months collecting loans in bits and pieces from my customers, though it wasn’t an easy task but then the knowledge i got from the job was quite amazing and valuable, i was able to understand many things about loans, this includes the steps and processes on how to go about it, and that is where my whole loan knowledge came from…
Taking loans isn’t all bad for real, it is a good thing on the contrary. There are many problems involved with loans, situations where debtors aren’t able to pay back their debts on time is a common problem in the field, another likely occurrence is the loss of the debtor. When a debtor dies, his debts most times gets cancelled. These are the risks involved in loans, now you see why you can’t blame a strict loan officer when he is on and on about his money, this is a necessary procedure…
I have never been a fan of loans, I hate debts for over a thousand and one reasons. I have seen how debtors who refuse to pay up their loans at the right time gets treated like animals. The noises, commotions, tantrums and embarrassments can be quite unpleasant, and for someone like me who doesn’t like stress or being exposed to the public over something unpleasant and embarrassing like loans, I’d rather stay far away from loans than to be treated like a thief or an animal…
I have never been in that situation before and i pray to God to never put me in that situation for the rest of my life, I am not actually scared of collecting loans, the only thing i am scared of is not being able to pay back at the set time, this actually is my fear and also one of the reasons why i am not a fan of loans. The highest i would do is collect something small, something small will be very easy to pay back, unlike collecting a choking sum of money that will eventually lead to problems when it’s time to pay back…
The reason why many people have bad experiences in loans is mainly because of greed and lack of understanding, collect a sum of money you can afford to pay back without difficulty and stress. Why will you collect a sum of money you know you can’t afford to pay back, instead of staying within your limits as a person…
In summary, while working as a loan collector i have seen many people make it through loans and i have also seen many people get assaulted and harassed because they weren’t able to pay back their loan debt…
In conclusion, learn to be wise with money, this doesn’t just apply to loans, it applies to every other aspect of money. Loans will either make you or break you, so choose to be amongst those who make it through loans and not amongst those who get broken down by it…
THANKS FOR READING…
