There is an element of comfort in dealing with friends. “At least, they wouldn’t cheat you” is the usual reasoning. But then, there can be pitfalls as well.
Personal FinanceEverything you need to know about how to manage your wealth. These articles will help you become a better money manager and make sure that you can save as well as grow your money, smartly.
If loans keep piling on, you will find one day that you are unable to repay with your regular income stream. Getting stuck even with one large sized housing loan can be a bother, if say your job is not secure or you want to change your profession. Unfortunately, loans tie you down and you will realise that only when it is already too late.