Loan is as bad as anything that I have ever experienced and so I don't like taking loans because they are traps for one or they can serve as way for one to lunch their venture quickly without any challenge but they can become a challenge on their own when when default in payment.This is really worrisome collecting loans.
Loan is very bad especially when you took for the purposes of starting a business or buying a car. So many people have been affected by collecting loan in the end they are unable to pay back because of the rate of interest the loan has accumulated over the time.