As for my own experience, there is nothing wrong with having some personal loans whenever it’s needed. Just like when there is a need to pay some emergency things. But if it’s for leisure purposes, it’s better not to have some loans so as to avoid high interest rates. Though there are some loan companies that offer low interest rates with the personal loan services that they have but I will usually choose to apply for it when I need it the most.

Though it all depends on the creditor herself of how she will use her power of making some loans. As for me, I already learned lessons with making credits and personal loans. And I will just use this thing when there are some emergency things and when I need to pay something in which my funds are not enough.  Of course, I will have to pay it off once my regular funds will be sent into my bank account.