The regret of loans

in #hive-15385026 days ago

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Source
LOAN.

It's true that it isn't all that bad collecting load. The one problem I see about loans and people that collect them is that, many who collect loans don't have strategies on how to improve the money and pay bad or let me say they don't have what to invest the money on. Then they just lavish it any how and then find it difficult to pay and at the end they end up in a big problem.

Well for some reasons I have low interest and fear in taking loans so I haven't taken loan for any reasons before. But then I have borrowed card before sha with intentions of paying 😅😂 and yes I payed back.

But I do know someone that has collected unaware and played back in a very difficult way😪.

So this particular person wasn't the one who collected the loan but her son did.( So unmindful 😪) Her son used her phone to borrow loan from a particular company and he used his mom's identity. He used her name, and pictures and everything that has to do with his mom.

He collected the sun of a 100 thousand naira and he just lavished it. I mean how careless and heartless are you that you used someone's identity to borrow some amount on money and you don't good intentions about, you don't have anything sensible to invest on. You just stupidly spent it 🤌.

Anyways it got to the mother's notice that she has collected loan through phone calls and messages. She was so confused and restless trying to explain that there must have been a mix-up somewhere somehow. Anyways her son confessed and the woman went through emotional stress and damage at that point she was down and didn't even know what to do because as days goes the pressure become harder. And she's to pay with interest of 20 thousand naira so the sum total is 120 thousand

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She was to pay 29 thousand per mouth. Where was she supposed to get this money from 💔.
She started calling for families and even involved her other children. But she didn't come out plain with how she came about the loan and what she wanted to use the money for. But according to her she really struggled to pay the company their money. Money that she would have used for something that would help boast her small market that's she's managing...hand-5014319_1280.webp

Well with the help of her children, her husband, her siblings as well she was able to the company back with their interest. I felt so sad it all most got me to tears after hearing this anyways... As I wasn't even financially stable all I did to support was to pray for her all the time I had the chance to. Because at that point it was obvious that she was passing through something that's unplanned. All this happened towards the ending of last year and it was heart damaging sincerely.

But presently if you should see the woman I'm talking about here she's doing quite well with her business and her family. Her children and husband are well to do even that memory won't fade but it's all in the history book.

I'll sincerely advance who even wanna take loan should have good sense of what they what to use it for and also invest it on something that's beneficial,🤌 something that do worth borrowing for and pay back as well.
God continue to consistently provide for us Aman!.

This post is dedicated to the Hivelearners Weekly Featured Contents
Week 136:- Edition 03:-