Weekly loan repayment is pressure compared to monthly loan repayment. Do you think so too?

[Trush Jodie]

I have heard of some people take loans that have a weekly repayment plan. And all that occurs to my mind is such a pressure? Monthly repayments gives someone a chance to breath at least. Do you think weekly loan repayment to be a financial pressure too?

 

[Min George]

I don't think I can take a loan that I have to repay every week. I earn money on a monthly basis to start with.

 

[Kross]

No matter how desperate I an for a loan , I won't agree to a weekly loan repayment. A week is just seven days.

 

[magnus2022]

If don't have substantial business you are doing, to repay loan can be a herculean task to accomplish.

 

[eLdavis]

Both are actually pressure honestly, but i think weekly loan payment would put an individual into more pressure.

 

[Augusta]

Sure it is obvious that weekly loan repayment is pressure compared to monthly loan repayment. As least you would have the time to pay back

 

[Springtime]

Yes, weekly repayment is more stressful. If you repay monthly, at least you have the time to accumulate some money you earn.

 

[Suba]

Everyone has different financial conditions, likewise there are those who earn daily, weekly and monthly income, people who earn weekly will certainly choose to pay the loan every week especially on Saturday when they receive payment.

 

[Starmix]

Some vendors here applied for loan and they are collected for repayment daily. But they can always hand the payment daily others weekly. Those who rely only in a monthly salary job, it's not possible to repay weekly.