Personal loans are a quick source of cash, but how you use them can help or haunt you.
You make a small purchase on your credit card, and then, before you know it, you’re thousands of dollars in debt. But what exactly is wrong with having a little… or a lot of debt? Well, that’s how it starts!
Recently, a Facebook user shared a post about his tenant who applied for a loan to purchase a new phone.
Photo via Facebook (Amirul Shafiq)
“My tenant called me to discuss some matter. I decided to spare some time to listen to what he has to say. He showed me a loan agreement he took up
“I thought it was a motorcycle loan agreement when I first went through it. But as I read through it, I realized that it was a loan for a brand new phone. He tells me that he feels extremely burdened by it after only two months,” he wrote in the caption.
His tenant also said that he has another 34 months left to finish paying for his loan, and has only paid 2 months…
Alamak, that’s another 2 years and 10 months!
The post has since garnered over 6,000 shares and over 3,000 reactions at the time of writing
Aiyo, what do you guys think of this?
By: Aishah Akashah Ahadiat
