Banks are those organizations that literally make money out of thin air, and that is why they are the most profitable types of business. This becomes even more obvious when we look at how many such financial institutions are around. Many companies that initially started one type of business, such as mobile phones, now have their own banks.
But is there any benefit to us - ordinary consumers - from these institutions? And is it worth taking loans? Let's take a closer look at this issue. Now, after all, most people cannot even imagine their life without loans. For them, it has become the norm: go to the store, buy something on credit, and then go every month and pay in installments, and even in three ways. The main trap of all banks is the ability to give a person everything at once, and make him not think about the consequences, overshadow his mind only with advantages, without saying a word about the merits.
- The biggest evil is consumer loans, which have the highest interest rates, and having borrowed an amount for a certain period of time, in the end you will have to pay back, in some cases, twice its original cost. During the time while you pay off the debt, your thing can break down a hundred times, it can be stolen from you or simply depreciated. Just think, you bought a phone by taking out loans, and after a month it was stolen from you or you lost it. And you will carry your money to the bank for a few months more for the thing that you no longer have.
- Car loans are also dangerous debt. It's no secret that a car is a vehicle of increased danger, you can get into an accident, and the car can also be stolen. And what will you do then? It is natural to pay for something that has already lost its value.
- There are, of course, several areas where not everyone can do without borrowed funds, and this is where these types of debt can be called good. First of all, this applies to housing mortgages. Interest rates are not that high there, the maturity is very long. And if you are in no hurry, then over time, thanks to inflation, monthly payments will decrease and become not as significant as at the very beginning. This list can also include a loan for business development, because often such cases require significant amounts that are difficult to get without the participation of a bank. But it should also be borne in mind that this is a risk - but as they say, who does not take risks ... If you are deeply convinced of the success of your business, then you should try and use the help of the bank, if it provides you with one.
