Before we start, we want to say that we are not going to discourage you from loans. On the contrary. Sometimes credit is the only reasonable option. We are more aimed at warning against ill-considered actions that can quickly lead to big problems for you.
Let at least one person say that they have never had a phone from the bank, that they are waiting for us to give us a loan practically for free. Of course, we can find very big differences between loan prices, but it will never be free. Banks sell money for money, and they make money by borrowing money. So it is not worthless to listen to thoughtlessly that the loan is for free, but rather to look for a good credit advisor who will find not free, but the cheapest loan. Let’s not give in to pressure. We don’t have to do anything. If we don’t really need credit, we simply have the right to refuse it.
Do we need credit?
How do you know we need a loan? We encounter various situations in life. We would not like to offend anyone and we will skip random accidents in which we focus on one card and credit is the only salvation for us. Let’s take care of ordinary life. For example, if you and your husband work, but you do not earn above average and saving for an apartment for 40 years is a bad idea. Buying an apartment for a 70th birthday is pointless. In this case, we can safely say that we need a loan. Only in this way are we able to buy our own apartment and have the strength to enjoy it. We need a loan because otherwise we do not have the opportunity to buy real estate. However, we are responsible and we know that we can afford a loan.
When credit is a bad idea
However, taking a loan for a new phone or TV. Of course, the old one is in very good condition and can serve us for a long time. We never have enough self-denial to push the belt for a few months and buy a new phone for cash. So what are we doing? we go along the lowest resistance line and go for a loan. Let’s add that we have several other obligations on our account. Although the bank decides that we have creditworthiness, we should determine whether we can afford another loan installment. Even if we do not need a loan but we will be able to pay the installments, everything is ok. However, if repayment is not as easy as applying, it means that we have overestimated our possibilities and despite the fact that we did not need the loan, we got into credit loop.