Just another look at the credit

Credit is a word that immediately causes stress in several people. And it's not surprising; historically, we know more unfortunate lending stories than happy ones. At least because good stories are dull, and the media are not interested in spreading them.

We are not the media, we just want to convey to you the meaning, in our opinion, and therefore we can take risks)

Lending, in itself, cannot be bad or good.

Because this tool and the result depend on who uses this tool and for what purposes. For example, every house has knives. But then, the blade is a cold weapon with a long history of adverse use. You can create culinary masterpieces, carve wood, and do many other useful things.

In this article, we will consider the positive aspects of lending using the example of 5 successful stories.

My friend developed persistently in the corporate world. He started as a seller of household appliances in hypermarkets. Distributors hired him and later hired y manufacturers. He will achieve his goal. The prestigious car became a symbol for the club of top managers.

The couple had a cute little yard behind the house with nice grass. However, their two dogs loved to run around in that yard and make a mess of dirt. Constant washing and autumn weather did not contribute to cleanliness, just the opposite. They discussed for a long time the possibility of buying an artificial surface, but the price of 5,000 pounds always deterred them. The credit provides comfort and cleanliness and preserves the family's sense of health.

On the eve of the economic crisis, people bought the car by taking a hryvnia loan. When the crisis hit, as often happens, the dollar rate increased by 1.5 times against the local currency, making it much easier to pay monthly payments. Considering that the salary is in dollars, the situation for the family turned out in the best way - a new comfortable car appeared, and the family budget was spared significant losses and upheavals.

The man became interested in active team games and began to organise and provide services to order. This business venture turned out to be viable and slowly developed. First, however, for growth, renting premises, making repairs, buying equipment, and investing in advertising where necessary. Of course, all this required money. After several months of thinking, the man decided to take a loan. After six months, he returned the borrowed funds and further developed the business from a profit.

The family has been renting housing for more than ten years, and when one day, they counted all the money paid over the years, they were very impressed. It turned out that they could buy their real estate with these funds. Using the help of an expert, they studied all the offers on the market and began to collect the down payment. In fact, by connecting all possible sources, they could pay the first instalment and, after that, monthly payment for their housing.

All these stories are pretty positive, but there are a few things to keep in mind:

First, credit is not a panacea or a magic pill that will solve all your problems.

Credit is like a special delicacy - Fugu fish, which is known for its exquisite taste and the fact that it becomes a deadly poison when improperly cooked.

Successfully using credit funds requires discipline and a clear understanding of one's goals.

Therefore, before taking a loan, you need to think carefully. It may be worth consulting with a non-involved financial consultant and calculating all possible options.

And in general, we recommend developing your financial literacy and learning to use all available financial instruments, and you will be happy!)