I’m always going on about how people should never use credit cards, should never get a loan and never succumb to the standard spending and financial patterns that the world at large tells us is ok.
Loans and credit in general should NEVER be used for enjoyment, or in cases when other options are available but of course my hard-lined approach is just opinion and I am not necessarily 100% right. Still, I stick with my thoughts and that’s why I have pledged to never take credit again.
However there may be times where picking up a personal loan is actually a sensible thing to do and I think even as an anti-credit guy it’s important to acknowledge that.
When is it ok?