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What could be a better option for installment loans?
#11
(01-26-2018, 02:18 PM)Martinsx Wrote:
(01-24-2018, 02:29 AM)lisadolor Wrote: I just want to know your thoughts about better kinds of loans. Which is better or is it better than installment loans? Also, I want to know if what are the reasons that makesit better than this type of loan.

In my opinion, I believe that installment loans are the best in the financial sector because it affords one time and breathing space to work with the acquired fund and be able to turn up profits while paying back in small bits until the whole debt is cleared. Payday loans are not to be encouraged in any way because it would definitely leave one penny less. Cooperative loans are good as well because of its lower interest rate but it's the condition attached before actually acquiring the loan from them that would be a major problem.

I was reading what you said about installment loans been the best in the banking sector and I want to slightly disagree with you in the sense that one need to see the benefits of getting loans from other sources before reaching this conclusion. Also, the interest rate should play a part as well. 
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#12
I think Installment loans is also good but there's different opinion in each of us but installment loans is good in cellphone, laptop , computer and etc especially gadgets its good when you loan in installment but there's a fee in the installment so be aware of that.
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#13
(01-26-2018, 02:18 PM)Martinsx Wrote:
(01-24-2018, 02:29 AM)lisadolor Wrote: I just want to know your thoughts about better kinds of loans. Which is better or is it better than installment loans? Also, I want to know if what are the reasons that makesit better than this type of loan.

 Cooperative loans are good as well because of its lower interest rate but it's the condition attached before actually acquiring the loan from them that would be a major problem.

What condition are you referring to? The requirement that you have to be a member of the cooperative union before acquiring a loan? I doubt this is a major problem. Anyone can become a member, pay the membership fee (which isn't big) and wait for a month before taking a loan. The borrowed amount will outweigh the membership fee, the interest rate is quite acceptable, I don't see any drawbacks here.
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