LOAN CAN BE EITHER HELPFUL OR HARMFUL;DEPENDS ON YOUR COLLECTION MOTIVE

in #business5 years ago

Yesterday I made a dpoll about loan by asking if it's okay to loan from the blockchain knowing how volatile the market can be.Well because its dpoll I was limited to express my feelings, what I intended to talk about is why people go for loan and end up crying about it when they cannot make payment.

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Blockchain is like an convenience for our everyday life, we all know how financial institutions can be when it comes to loaning and interest.Blockchain serves as an additional means of income and investment and this reminds me of something I heard recently about "How fulfilling it will be when you start making money while sleeping".

Having a platform like Steem, Ethereum among others is like an additional opportunity to succeed and amass wealth if you know how to do that.Coming here with the purpose of making quick cash and getting a loan with no prior plan to pay is way foolish.

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Most times, minnows like me depend on our post fortune to help pay back whatever loan we have incurred which is totally wrong and sometimes we feel so relaxed because our collateral is enough to pay back, wrong again.Every business person is in to make a profit and blockchain is providing a way for the loaners to do this without legal technicalities but a smart contract that binds that payer and the payee.

Do not go for loan for the sake of it, go for it because it is a necessity and not a means of luxury.Go for loan because you need it for something unavoidable if not I would advice to keep on striving because the grass will always be greener on the other side.

Taking a loan and defecting is a crime,take a loan because you really need it and always plan ahead before you do that.Plan your mode of payment so as to ease yourself from getting worried all of a sudden or disappearing into the dark because of shame and not having the man power to pay.Loan serves as a means of help to us when all things have failed.

Lamenting or crying for help after your loan solves nothing, make sure you have your t's crossed and your i's dotted, it will save you from a lot of stress and headache.

Do not make your loaner seems like a bad person, everyone has a purpose why they are on the blockchain, never let your ways affect others negatively.Do all due diligence because your loan defect today will be a barrier for others tomorrow, pay up and on schedule

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