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loan me some lovin..

the following is a sponsored post..

when it comes to borrowing money, we just can't run away from having to engage in it. i mean unless you're born into extravagant riches, you're bound to have to make a decision. loans or no loans?

to take a loan or not. for example buying a house requires a significant capital outlay. more often than not a homeowners loan can assist you in fulfilling it. the decision to take up a loan must not be taken lightly. i recall a friend of mine who took up a personal loan because he wanted to get married. the interest was favorable enough and he figured that since the marriage was for life it would be worth it. not 7 months has passed before they got divorced. and he is still paying for the loan!

but that i guess is an isolated case. you can't really tell about the future. the important thing to consider when you want to take up a loan is your availability to meet your payments. can you service your loan or not? loans are liabilities that can put you a few steps away from insolvency. so be very careful.

having said that, good financial planning can assist you in making the right decisions.
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