Loan as a Solution
Be in debt or have no money at all while we need to get something in an urgent situation are not anyone’s wish. But if it is not avoidable, the only way we could hope for is borrowing some money from loan service; although, such service is not the true escape stairs we needed, but at least the urgent matter we have once had has passed. Talking about loan, there are many loan services out there that can be your partner. This partner provides you with fast loan process, easy loan transfer, as well as rational interest; however, there are also ‘predators’ out there that are making use of your hardship.
Loan Predators, Usury, and Loan Shark
Those are the term which describes a loan service that make use of your hard situation and are the ones you must aware when you are in need of loan. Those predators usually give you irrational interest you must paid when the payback day is come. Not only taking excessive amount of money from its consumers, it also, in purpose, tries to take control of its consumers to have any advantages. Beware of the Shark Loan!
The elder people always say to not having any loan on moneylenders. That’s because the moneylender will accumulating your loans and the debt collector will also accumulate it with the lending charge as much as the periods you have borrowed it. In some cases, the moneylender will following you everywhere, they won’t give you any chance to having any reliefs.
Nobody Can Survive From Them
The elder usually have an experience with the debt collectors and they must have really understood about the pain and fears for always raced with the debt collectors because they have a loan on moneylenders. That day, moneylenders is the only way to saving their financial condition. There is no bank, no lawyers; nobody will help them if they need extra money. They just can have survived by borrowing some money from the moneylenders.
Bank and Moneylenders
However, that is happened on the day before the country’s independence. Nowadays, we don’t have to begging for any loan to the moneylenders again. In this modern era, we can get loans from some bank as long as we can pay them on time as the deals we have made. But, even it’s not as dangerous as if we get the loans from moneylenders, for gets any loans from bank also have so many terms and condition and rules that you must’ve obeyed. If you make any mistake and disobey the rules, bank will seal your properties which have the same values with the loans.