Sycamore Business Lab

Good and bad reasons to take a Personal Loan

Welcome to SBL03: our weekly blog post where we address issues affecting you and your business – especially as it relates to cash and finances. As a follow-up to last week’s post, today we will be touching on some of the good and bad reasons to take a personal loan.

As a salary earner, there are many available options for collecting personal loans that are typically tied to your income or earnings. In fact, the personal loan market seems to be growing bigger and stronger each day, with different lending companies offering quick, collateral-free loans.

But before you put on your favourite bathing suit and dive into a pool of cash, let’s first discuss some of the good and bad reasons to take out a personal loan. Some of the most common examples are listed in our simple infographic. We would also love to hear your thoughts on this subject: what are your good and bad reasons to take out a personal loan? Please leave a comment for us in the comment section and remember to share with your friends too.

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