- #1
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: Xtynehappy
While the taking of loans being viewed as such a very great facility, the loan repayments always poses problems in the matter of fact.
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Do you take loans on top of the other loans?
- Thread starter Xtynehappy
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No I don't like this idea at all. I prefer to just psy back the first one before taking another one. I don't like stress.
eLdavis
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One thing I fear most is taking loans, I tend to avoid this and I don't think taking more loans when I am yet to pay for the first one is a great idea.
King Belieal
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You would just get yourself entrapped in a web of debts if you take a loan to payback a loan. It would be difficult to ever get out of debts when you get to that point in life.
I had friends who considered this option the best way out of debt, but in reality it all ended much worse for them and I think one loan is enough
I do not think it is a good idea to take out a loan to pay off another loan. This can create a vicious cycle that can be difficult to break free from. Taking out loans can be a stressful experience, so I advise you to avoid it as much as possible.
