If you focus on money, lending, interest and how it works, then you will end up making smart decisions about money consistently. Individuals always make mistakes with money, borrowing, and their future. In fact, the percentage of people making these mistakes is around 95%!
Borrowing can solve your immediate financial problems, or help you buy something you need. But sometimes people get it completely wrong. Even the best financial initiatives can sometimes turn out to be stupid borrowing strategies if inappropriately planned and analyzed.
Many opportunities may come a person’s way, and some of them may lead to financial freedom. But missing opportunities, because one puts off until tomorrow what can be done today, usually results in the action being put off until the next day, the next day, and never.
By applying for and receiving a consumer loan, you then have the flexibility and the opportunity to use that money as you see fit. You are usually able to get these loans with a better or at least lower interest rate than you would be paying if you used your credit card.