In most circumstances we are really unable to live without taking loans because nowadays the expenses seem to be very high with low income to that makes most people getting overwhelmed for the whole thing.
I dislike taking loans because I do not want to get into debt. But if a person really needs money for emergency use, s(he) may have no choice but to take a loan.
I never recommend or encourage anyone to take out short-term loans to increase their income, because I cannot measure someone's ability/skill in managing a business or trading.
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