To pay for the purchase we need, which is lacking here and now, we resort to bank loans. And often in a hurry, we do not even think about where it's more profitable to take a loan - all thoughts are already about a new car, a washing machine or a refrigerator, and there's no time for counting. But even the minimal differences in terms of lending can (ultimately) significantly affect the amount of the overpaid amount. Another typical situation: a person is looking for where to quickly take a loan, not realizing that by spending an extra half hour to compare the conditions of different financial organizations, you can save a lot.
Credit cards have long taught us to live in debt. Everything is simple, after reaching the age of majority, everyone who wishes with a passport for half an hour can draw a card, not really thinking about where it is more profitable to take a loan. Even to rest today, many are in debt, not to mention less expensive purchases.
However, not everyone understands that the bank will have to pay for the use of funds, and therefore often perceive them as their own funds. Exactly the same way, not everyone understands where to get a loan, whether it will be profitable in general or what consequences it can lead to. And it turns out most often so that you do not just take advantage of credit, but still have to give away your money. Therefore, it is necessary to calculate in advance what is really going to cost you such a loan and its repayment. It is possible that to purchase the necessary thing it will be much more profitable to save money during the short term, rather than apply to credit organizations.
There is a downside to the "credit medal". Bank loans teach people to treat money in a rational way. Remembering their obligations, they differently build their way of life and lifestyle, learn to correctly prioritize, and therefore gradually get used to financial discipline and develop the ability to plan their own future.
There are a lot of credit programs for today. These loans for the purchase of real estate, payment for education, the opening of their own business, etc. Each of them in different financial institutions are issued on different terms, which is why it is so important to calculate where it is more profitable to take a loan. Sometimes it happens that people absolutely thoughtlessly choose a loan program, and then put the signature in the contract without reading it to the end and not understanding for themselves the specific conditions on the basis of which they receive money for use. As a rule, it ends with the fact that after a while a person starts to "puzzle" over how to get money back. You need to take credit seriously, count your opportunities several times, carefully read the contract, determine where it's more profitable to take a loan, then there will be no headache with redemption.
The main thing is to understand that the design of a loan should not become an end in itself. Rather, it is one of many ways to solve emerging life problems. This is a service for which you have to pay.