Personal Loan and Credit Card

Do we need Personal Loan and Credit Card?

Nowadays people in the world is frequently using the Credit Card services whereby it can make business transaction more easier than before. People may not carry a large amount of money that can attract strangler to rob them by simply using the so call Credit Card. With just a glance of Plastic Card you can swipe at every outlet that is providing the credit term using Credit Card or in other word " Use First And Pay Later ". An advice to the Tamparulian, be very careful in using this Credit Card because 90% of the young Malaysian is in a Bankrupt situation whereby they use a lot of this Credit Card services. I wrote this article with my own idea and sources like local newspaper telling that many story of young Malaysian is Bankrupt because of Credit Card. Hopefully it can give good advice to the frequent readers of Tamparuli Sabah Website. Credit Cards have it's own advantages and disadvantages, make sure that you spend your money wisely. Don't go into the bankrupt situation because of wrongly using this type of services.

Many of the Tampaulian and the Sabahan have experience in using the Personal Loan. Even a rich man is using this type of services which can help them to boost their capability in doing business. Credit Cards and Personal Loan is in a same concept whereby use first and pay later with a large interest and the interest is keep on increasing if you do not pay the loan on time. Credit Card and Personal Loan is a profitable business and if I have a chance I will venture into this business to get more profit from it. What about the people using this services? I'm a businessman and I do not think about their charity because I'm focusing on my business.. well my thinking is also the same with this businessman doing this Personal Loan. If you really need instant money please go a legal money lending company such as Bank and not simply going to a loan shark call "along" by the locals at Tamparuli and Sabah itself. Personal Loan will not effect us if we can pay on time and regularly but it may cost you if your income is exceeding your expenses and you do not have enough money to pay for it.

A little advice to Tamparulian "Spend your income wisely". We need Personal Loan and Credit Card but be very careful in using it. Good luck in saving your money and please do not use "loan Shark Service Anymore". We must band all the Loan Shark at Tamparuli Sabah and report them to the authority. Thanks for reading and hopefully we will meet again soon at my new article.

Story arrangement by: Harry George

Sources: Own Idea and Local Newspaper

Picture: Google Images.