You are viewing a single comment's thread:
RE: A loan is a blessing if channel into the right thing
yea it is better to borrow from friends without interest but the problem with most people is that they take those free loans from people they know for granted and might not even want to pay it back... so even friends don't want to lend them money anymore.
Bank loans is risky cos if you are not able to pay back, you could lose your collateral, well they make sure that your collateral cover what you owe in big loans so once they sell that, you don't owe them anymore.
0E-8 BEE
Sha that part about friends is true oo, it's always hard for them to pay back so it's understandable if they wouldn't want to lend.
Oh, then that's good then. As long as they won't come for their money again. But imagine losing your land or car because of 50k, it's crazy
View more