Forum:
Have you ever taken out a loan?
I'm critically short of funds to pay my rent right now, but it's only this month, next month I'll be able to pay off the loan right away.
Do you think that's a good idea?
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Have you ever taken out a loan?
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4 Replies
Reply by AqvaronDionid
posted
I have never had to take out a loan, but I know that my acquaintances have taken out a loan to develop their own businesses.
I think they paid it back successfully.
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Reply by Lili
posted
I have never taken out a loan but if you believe you can pay it in a timely manner I think it's not a bad idea :)
Reply by Drake20
posted
Taking a loan can be helpful in urgent situations, just like using a SASSA Status Check ensures you stay informed about financial aid. Consider interest rates and repayment terms before deciding!
Reply by muaazmalik
posted
I understand your situation — taking out a loan can help in urgent cases, but it also depends on the terms and interest rates. If you’re confident you can repay it next month, then it might be a workable short-term solution. Still, I’d recommend exploring all options like payment extensions or support schemes before committing. For example, people relying on grants often check official payout timelines here: onlinesassastatuscheck.co.za/sassa-payment-dates/ — having clarity on dates and payments really helps in planning finances.