If you’re thinking about taking out a loan, first consider:
Still interested in applying for a loan?
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.
What are we actually working for?
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?
Here’s to knowing better than to take out a loan! 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.