Have you ever thought about how ironic it is that we work so hard to earn more money, only to spend it all repaying loans?
We are all enslaved by loans that trap us into a lifetime of debt. In this way, the lending industry keeps us all poor for the rest of our lives.
It is at this point that you become an economic slave. Banks, micro-lenders and other credit providers advertise their products continually.
They brainwash you into believing that you need to take out loans online, short term loansand loans for bad credit. You need this credit so you can buy materialistic possessions that will make you ‘happy’ and ‘matter’ in life.
So you apply for vehicle finance but the banks reject your applications because you don’t have a credit record. They advise you to go and open up a retail account, so they can track your payment habits and see if you can be trusted to do as you are told.
So you open up an account, on top of all of your other loans and credit debt, build up your credit score and then take out car finance. Suddenly most of your salary belongs to these companies.
They are in the business of making money and there is no line they won’t cross when preying on the desperate and vulnerable. They make you feel like you cannot live without more and more loans, so you can buy more and more unnecessary things.
If you’re thinking about taking out a loan, first consider:
You cannot deny how dangerous taking out even one loan is, in the face of these compelling statistics.
Taking out just one loan comes with the risk of having to take out another loan to cover the repayments later on. This is exactly how predatory lenders ensnare borrowers in an inescapable debt trap. Out of greed, reckless lenders prey on uneducated, desperate and vulnerable consumers, who don’t know any better.
Are we working to look after ourselves and our families, and to meet our basic needs? Or are we just working to pay off loan debts?
Don’t let these vultures help themselves to your hard-earned money every month. One reckless loan today can result in poverty and over-indebtedness another. Rather contact NDA now, if you need financial help. We can help you become debt free instead – a much smarter, better plan.