It is no use denying that we are experiencing economic turmoil at this age. Let us admit that the value of money goes down drastically especially with the oil price hike and the price of local commodities are surging up. An ordinary citizen would feel the impact, unless you are born filthy rich.
But amazingly we still manage to survive despite all the remarkable poverty issues. One of the most common help an ordinary citizen could get is applying for loans. At some point it is wise. I am not familiar with the statistics but I guess majorities have acquired their houses and vehicles through loans. Some started their business having a loaned capital. Some actually “survive” their everyday life because of loans.
But loans could either help you or put you into a financial graveyard. Especially if you are paying loans for long term care bigger than you actually earn. So I advice those who are into loans and credits to track, evaluate and be wise in managing your finances. You can always seek advice for instance; how to build credit and have a credit report contents.
I know at this times that money are very hard to earn so we must be very vigilant especially to the entrepreneurs unless if they want to experience a business foreclosure. Continuous research and seeking a help of a professionals and experts would be a smart move.