Loans are necessary because this is human nature, to require more than it can produce, therefore our needs always exceed our material possibilities. This phenomenon is not an isolated one, it is not associated only with poor countries, it is a global problem, because wherever you go society is divided into categories: rich, middle class and poor.

In general rich people borrow money because they want to invest it in order to become richer and middle class people borrow money in order to buy important goods which they can’t afford otherwise.

For example a couple of workers in famous company having two or three kids and an acceptable income can’t afford to buy a new car without taking out a loan. And this happens because daily living is expensive for them, on the one hand, and on the other hand because they can’t manage their money.

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