Avoiding default

Small habit changes can lead us to make better decisions regarding our spending.

 

  • Have a clear written list of needs and wants, and incline towards spending more on our wants.

 

  • Making automated payments towards our loans.

 

  • Having not more than one big loan at a time.

 

  • Not borrowing more to repay loans, and instead of looking at other financing options.

Scroll along to know the differences between a good loan and a bad loan!

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