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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

spencer
spencerEnlightened Mentor
Asked: September 19, 20232023-09-19T17:39:11+00:00 2023-09-19T17:39:11+00:00In: Crypto & Forex

How To Stay Away From Loans Completely?

How can an individual stay away from loans completely?

Is there a period where you stayed away from loans? If yes, how were you able to achieve that?

get out of debtloans and debt
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3 Answers

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  1. Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.
    2023-09-20T06:57:39+00:00Added an answer on September 20, 2023 at 6:57 am

    You can only stay away from loans if you have enough funds available for personal use in your account. As for me enhe, presently now am still collecting loan from bank to run some certain business, I even collect loan from my bank to my mum to do business latter she returns the money. But if you havRead more

    You can only stay away from loans if you have enough funds available for personal use in your account.

    As for me enhe, presently now am still collecting loan from bank to run some certain business, I even collect loan from my bank to my mum to do business latter she returns the money.

    But if you have enough money for investment or you invest enough on business, I don’t think it’s necessary to collect loan again.

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  2. Flower
    Flower Active Contributor
    2023-09-20T06:42:12+00:00Added an answer on September 20, 2023 at 6:42 am

    You can stay away from loan completely if you do not spend above your limit .  You should always ensure that any amount of money you going to spend or anything you want to buy is within your means . That is how you can save yourself from taking loans and if there is any need for you to take loan, yoRead more

    You can stay away from loan completely if you do not spend above your limit .  You should always ensure that any amount of money you going to spend or anything you want to buy is within your means . That is how you can save yourself from taking loans and if there is any need for you to take loan, you must ensure that you have a steady or consistent source of income that you could use to make repayment. Making repayment is very necessary . These are the things you must put into consideration before you make an attempt to approach any loan shark or financial institution.

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  3. Precious
    Precious Knowledge Seeker KIDI CARE
    2023-09-20T07:41:01+00:00Added an answer on September 20, 2023 at 7:41 am

    It's not really a big deal to stay away from loan, but sometimes it's difficult especially when you get stuck with emergency or lack the habits of management. In my opinion, I guess the best way to stay away from loan is creating your personal income streams that will surely generate income in dailyRead more

    It’s not really a big deal to stay away from loan, but sometimes it’s difficult especially when you get stuck with emergency or lack the habits of management.

    In my opinion, I guess the best way to stay away from loan is creating your personal income streams that will surely generate income in daily basis, when your income streams is stable, the idea of applying for a loan won’t arise, you’ll be free from getting Loan.

    Hope you get my point.

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