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[Reznov]

As my parents own a clothes store, sometimes people have to get clothes and pay you later (only if you know, and if they live in the nearby), but not all of pay back in time or even payback, which is a kind of loss if you calculate it, but sometimes giving loan to people makes you gain clients that keep coming a lot of time, so that's like a 50/50, do you recommend giving loans or not and why ?

 

[Wisdom01]

Yes, there is a certain kind of criterion that you must meet if you want to get such kind of loans. This is why it is very important to read the terms and conditions of the agreement of the loan before applying for such kind of loans so that your application does not get rejected. You must be the member of the community if you want to get such kind of loans.

Reading the terms and conditions is an important concern , the person should know the proper time for repayment , plan and others ,a lot should be properly considered at every length I think tho

 

[Gamer01]

Yes you are right but i can hardly find any such services online in the market usually the loans offered by such companies can be low interest based but mostly you will have a tough time finding such loans actually that are totally interest free indeed actually .

 

[Ben Kempton]

Yes you are right but i can hardly find any such services online in the market usually the loans offered by such companies can be low interest based but mostly you will have a tough time finding such loans actually that are totally interest free indeed actually .

You can find interest-free loaning programs through the governmental organisations. For example, there have been many organisations that have offered interest-free loans to farmers in our country. They tend to offer such loans so that farmers could gain many benefits without paying any kind of interest. This is a great opportunity for many farmers and people associated with agricultural sector.

 

[Gamer01]

Yes such people are able to get such loans but a normal person would have much difficulty and they wont be able to find a loan for them on easy basis so that is why it is must that they should take proper decisions actually indeed .

 

[Wisdom01]

Yes you are right but i can hardly find any such services online in the market usually the loans offered by such companies can be low interest based but mostly you will have a tough time finding such loans actually that are totally interest free indeed actually .

The loan companies have seen are really mostly low interest ,I have hardly seen anyone that offer totally free interest , something must be involved definitely ,that's actually what I noticed in this loan apps

 

[Gamer01]

You are right no company will ever give out a loan without interest to be honest actually , they want to make money too and this is the way for them via which they can earn so they will surely take advantage of the process when possible to earn money indeed actually .

 

[Wisdom01]

You are right no company will ever give out a loan without interest to be honest actually , they want to make money too and this is the way for them via which they can earn so they will surely take advantage of the process when possible to earn money indeed actually .

many companies knows the importance of interest , so when they are actually giving loans ,they would put interest as a big necessity ,that's the concept and addictions many companies take note of

 

[Gamer01]

Yes you are right companies are giving you there money , that is why they want to take a profit as well there are many companies who give loans and charge a good amount of interest on such loans from their customers actually on it indeed actually .

 

[Ben Kempton]

The loan companies have seen are really mostly low interest ,I have hardly seen anyone that offer totally free interest , something must be involved definitely ,that's actually what I noticed in this loan apps

Yes you are right companies are giving you there money , that is why they want to take a profit as well there are many companies who give loans and charge a good amount of interest on such loans from their customers actually on it indeed actually .

I would like to avoid loan companies under all circumstances, even if they are offering loans. I really hate interest money and this is why I have always preferred partnering with people and utilising my capital to invest and start business rather than offering a loan. When we invest in business, this creates many job opportunities as well. Some studies have suggested that high interest rates damage the economy and this is why we can see economic downfall of many companies in the year 2023.

 

[Gamer01]

You are right we should always avoid such sort of options they are not good at all and they can indeed cause more damage then benefit to the takers of the loan service that is why it is Always good that you should try to avoid such things as maximum as possible indeed actually.

 

[Wisdom01]

I would like to avoid loan companies under all circumstances, even if they are offering loans. I really hate interest money and this is why I have always preferred partnering with people and utilising my capital to invest and start business rather than offering a loan. When we invest in business, this creates many job opportunities as well. Some studies have suggested that high interest rates damage the economy and this is why we can see economic downfall of many companies in the year 2023.

many people really thus avoid loan companies too ,some people are even bothered about the interest rate and other reviews , not many want to pay so much interest like that , so that's the concept they are avoiding

 

[Gamer01]

Yes you are right most of such companies want to have access to your private and important financial information and that is not a good thing actually so you should be avoiding such apps as best as possible to be honest actually indeed in my opinion .

 

[Wisdom01]

I think giving loans is something you should consider , I think even after borrowing loan it's actually important you make use of the loan for a good use ,it's just an ideal thing for you to always consider

 

[Gamer01]

Yes you are right it should only be taken when much necessary and when you can pay it back as well on easy basis else so you should avoid taking loan for from any app or business company actually indeed to be honest in my opinion .

 

[Ben Kempton]

many people really thus avoid loan companies too ,some people are even bothered about the interest rate and other reviews , not many want to pay so much interest like that , so that's the concept they are avoiding

Yes you are right it should only be taken when much necessary and when you can pay it back as well on easy basis else so you should avoid taking loan for from any app or business company actually indeed to be honest in my opinion .

Well, this is one of the main problem highlighted by both of you. The main problem is the fact that many institutes that offer loans are always seeking to get the money back as soon as possible. This is why they always start bothering their borrowers all the time, even when the terms and conditions clearly state that the borrower should be offered some time to pay the loan back.

 

[Wisdom01]

Well, this is one of the main problem highlighted by both of you. The main problem is the fact that many institutes that offer loans are always seeking to get the money back as soon as possible. This is why they always start bothering their borrowers all the time, even when the terms and conditions clearly state that the borrower should be offered some time to pay the loan back.

yeah the loan payment period is the problem too ,I think the borrowers really bothers more about the repayment time , schedule and others , these are important factor or concerns I think tho

 

[Ben Kempton]

yeah the loan payment period is the problem too ,I think the borrowers really bothers more about the repayment time , schedule and others , these are important factor or concerns I think tho

People should also be concerned about many scam loan applications as well. This has been a really huge problem in our country. Many scam loan applications offer loan and they steal the private data of the borrower. They then blackmail the borrower. This scam is pretty common because there will always be people who would be willing to obtain loans and fall into such kind of trap.

 

[Skylark]

On one hand, loans can be a way to help friends or family members in need, and they can also be a way to earn interest on your money. However, there are also risks associated with giving loans, such as the risk of non-payment or default.

 

[Deyiang]

Business is all about risk and when taking the risk it should be a calculative risk.
If you want to give loan you should know that numbers of people you give in a month or week.

The price for somebody who collect loan from you should not be the same with the person that doesn't

 

[freelancermariagrace]

In my humble opinion, it is a risky proposition, especially if you do not know the person. They can run away and never repay you. I will not make loans since I am not confident in doing so. I am not wealthy and cannot afford to lose money. LOL