Financial Literacy for All: Good & Bad Loans
In several times by the loans news for increase number in the businesses everywhere for run with money that in fact for any loan, that so impact with some of Loans are as old as mankind and will continue to live as far everyone lives. For some loan transaction that before in the formal or informal whether that make any people thing to money-lending financial institutions but when its happen in next time that make other people consider not to get loans from the banks and other non-bank financial institutions. Honestly, it had borrowed with the understanding of giving back the original loan taken together with some form of interest on it. While generate problem about loan lender that could benefit for opportunity lost in not putting some people of money in another investment to earn them some return.
Important thing that you must remember if some close people around us had decide to take loans from friends and family members are mostly interest free and there are also mostly in small amounts taken mostly for personal purposes. It must repayment period by shorter and loans that for underpaid, while we know that good loans should be contracted for business purposes. because some of the borrowers fail to be honest and reliable to perform their part of the obligation and agreement.