Is Loan Good or Bad?

Is Loan Good or Bad?

September 07, 2020

Is Loan Good or Bad?

Dear ,

Welcome to a new week!Over time, the question has been asked, is debt good or bad? Especially now that traditional financial institutions and Fintech companies literally chase people with both personal and business loans.

Debt is neither good nor bad in itself. However, it can be described as a two-edged sword. When you master its art, like most of the rich and mighty, it becomes a useful tool that can make great wealth and fortune for you. On the other hand, if you are not wise, you can become a slave to your lender through the instrumentality of debt by working hard to pay interest upon interest, loss of peace of mind and dignity.This article highlights factors that impact loan quality

Do have a great week!Stay Safe!Sincerely,Oluchi Johnson-AchibiriCommunity Manager, msmehub.orgFATE Foundation1st Floor, Water Corporation BuildingIjora, Lagos

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