#why personal loan

[navree]

Incorrect, the fact that Biden has dropped out and a candidate with history of supporting medicare for all and being more receptive to a ceasefire in the I/P conflict has made me go from "I cannot morally support the Democratic nominee" to "I am voting for the Democratic nominee despite the fact she isn't perfect in every respect." I'm really happy this played out. The Dems for the most part abandoned the old Obama platform and it feels like its possible an actual progressive agenda could come to pass in my lifetime.

Kamala 2024!

If you weren't going to vote Democratic in this election before Biden dropped out you're a dorkass loser who does not care about any of the issues you're yammering about here and also a fundamentally bad person, and I hope you get run over by a bus.

But you got one thing right in all of this gibberish, Kamala 2024.

[angeltannis]

That era of my life predates my tumblr one, but I was a very big Leliana fan back in the day. I actually got into a debate in one of my Queer Studies courses back in college because someone brought her up as an example of Bad Queer Rep because she was “crazy”. I nearly started hurling chairs

[goldengodcannibal]

Man, I hate living in debt.

[philcoulsonismyhero]

I keep getting rejected from conventions that I've been doing for multiple years this year and I heard on Friday that I didn't get Scotland Comic Con, which I've relied on for the last two years to be able to pay my fucking rent over the winter when there's no events, and it makes me want to scream because what the fuck am I supposed to do about it?? I'm making new stuff reasonably regularly, I make really good sales when I get into cons, I go out of my way to be reliable and show up on time and do everything they want exhibitors to do, and it's just flat rejection after flat rejection, sometimes without even the courtesy of a spot on a waiting list or a cursory 'sorry, we got a lot of applicants and we've got limited space'.

I don't know what I'm doing wrong, I don't think I even am doing anything wrong, I'm just getting repeatedly fucked over by event organisers who just see me as a way of increasing their own ticket sales rather than a human being trying to make a living.

And, like, part of me gets that I've been doing this for a while and folks who are new to it deserve a chance to get a foot in the door, but my ability to be charitable runs out when the biggest convention in the country decides no, we don't have enough room in our fuck-off huge venue for everyone so bye, fuck you, that ~15% of your yearly income that you rely on making at this con is just going up in smoke.

I like doing conventions, I'm good at it and it's fun, but it's getting Really Fucking Stressful to have my ability to eat and pay bills decided increasingly arbitrarily by the same five events companies who don't seem to give the slightest shit about anyone.

And I don't know what to do about it because the reason I'm doing this is because I'm too fucking autistic to get a real job, and I got kicked to the kerb by the benefits lot a few years ago because that system's fucking broken too, and the more effort I put in the less work I seem to actually get and frankly I want to fucking break something

[fincrif]

Personal Loan Pitfalls to Avoid in 2025

A personal loan can be a great financial tool when used wisely, offering quick access to funds for emergencies, home renovation, education, or debt consolidation. However, many borrowers make avoidable mistakes that lead to higher costs, financial stress, and repayment issues.

To ensure you make the most of a personal loan in 2025, let’s explore the common pitfalls to avoid and the best strategies to manage your loan effectively.

🔗 Looking for a Personal Loan? Apply Here: Check Personal Loan Options

1. Borrowing More Than You Can Afford

One of the biggest mistakes borrowers make is taking a loan amount higher than their repayment capacity.

✔ Solution: Always assess your finances and ensure your EMIs do not exceed 30-40% of your monthly income.

🔗 Check Affordable Loan Options:

IDFC First Bank Personal Loan

Axis Bank Personal Loan

2. Ignoring Interest Rates & Loan Terms

Many borrowers overlook the actual cost of borrowing by not comparing interest rates, fees, and loan tenures.

✔ Solution: Compare interest rates, processing fees, and hidden charges before finalizing a lender.

🔗 Best Personal Loans with Low Interest Rates:

Bajaj Finserv Personal Loan

Tata Capital Personal Loan

3. Overlooking the Impact of a Low Credit Score

Your credit score directly affects your loan approval and interest rates. A low credit score can lead to loan rejection or higher interest costs.

✔ Solution: Maintain a credit score of 700+ by making timely payments and avoiding unnecessary debt.

4. Falling for Pre-Approved Loan Scams

Many fraudsters send fake pre-approved loan offers that require advance payments before disbursing the loan.

✔ Solution: Always apply for loans through official bank websites or verified financial institutions.

🔗 Apply for a Personal Loan from Trusted Lenders:

Axis Finance Personal Loan

5. Not Reading Loan Terms & Hidden Fees

Many borrowers focus only on the interest rate and ignore charges such as: ✔ Processing Fees ✔ Prepayment Penalties ✔ Late Payment Charges

✔ Solution: Read the loan agreement carefully and ask about hidden charges before signing.

6. Choosing a Longer Tenure Without Considering Interest Costs

A longer loan tenure reduces your EMI, but it significantly increases the total interest paid over time.

✔ Solution: Choose the shortest tenure possible that allows comfortable EMI payments.

7. Defaulting on EMI Payments

Missing EMIs can lead to: ❌ Penalty charges ❌ A lower credit score ❌ Legal action in extreme cases

✔ Solution: Set up auto-debit for EMIs and maintain an emergency fund for loan repayments.

🔗 Learn How to Set Up Auto-Debit for Loan EMIs: Check Loan Repayment Options

8. Using Personal Loans for Non-Essential Expenses

Avoid using personal loans for: ❌ Luxury vacations ❌ Gambling or risky investments ❌ Unplanned shopping sprees

✔ Solution: Use personal loans only for necessary expenses like medical emergencies, home improvement, or debt consolidation.

9. Not Exploring Balance Transfer Options

If you already have a high-interest personal loan, you can transfer it to another lender offering a lower interest rate.

✔ Solution: Consider a personal loan balance transfer to reduce your EMI burden.

🔗 Best Lenders for Balance Transfers:

InCred Personal Loan

10. Applying for Multiple Loans Simultaneously

Multiple loan applications can: ❌ Lower your credit score ❌ Make lenders view you as a high-risk borrower

✔ Solution: Compare lenders carefully and apply for only one loan at a time.

11. Not Checking Prepayment & Foreclosure Charges

Some lenders charge high penalties for prepayment or foreclosure, making early repayment expensive.

✔ Solution: Choose a lender that offers low or no prepayment penalties.

12. Relying on Unverified Lenders or Loan Apps

There are many fraudulent loan apps that charge excessive interest rates and misuse borrower data.

✔ Solution: Apply only through recognized banks, NBFCs, or verified fintech platforms.

🔗 Apply Safely for a Personal Loan Here: Check Verified Loan Options

Final Thoughts: Avoid These Mistakes for a Smart Borrowing Experience

A personal loan is a valuable financial tool when used responsibly. Avoiding these common pitfalls will help you save money, protect your credit score, and reduce financial stress in 2025.

Key Takeaways:

✔ Borrow within your repayment capacity ✔ Compare interest rates & hidden charges before applying ✔ Pay EMIs on time to avoid penalties ✔ Beware of loan scams and fake lenders ✔ Use personal loans only for essential needs

🔗 Looking for a Reliable Personal Loan? Apply Here: Check Personal Loan Offers

By following these tips, you can make smarter financial decisions and ensure a hassle-free borrowing experience in 2025!

[wacklemons]

oihhhhh the horrorsq

[doomer-soyjack]

Thought about talking to others about shared interests and immediately got bored and fed up.

[mischiefmagpie]

I'm so fucking broke. I'm on my honeymoon and I can't even buy my beloved a fucking cup of coffee or my mother a postcard. I fucking hate myself.

[starfieldcanvas]

for every "how dare you plan to spend money out of your entertainment budget while i, a complete stranger to you, am still poor" post i see i am buying another $3 worth of crabs

[freakoutgirl]

God my mom is so bad with money

[padawanduck]

agreeing with the general sentiment of a post but thinking the way it's written is misleading

like any post that's like "dems had 4 years to do X" and i'm gonna ask what actions would you have had them do.

executive action? i agree they should have tried. and it is absolutely a failure. There is a chance the supreme court would undo it like they undid the student loan forgiveness. Or Trump could undo it with his own executive action once he's sworn in. But they still could have tried. And any good actions that help people during the course of bidens term would have been a net good.

legislative? then democrats only had 2 years because republicans won a majority in the house in 2022. i don't know if you remember the constant chaos like republicans being unable to elect a speaker.

and in those 2 years. you had a very narrow majority in the senate. so anything that wasn't a budget reconciliation was subject to the filibuster and blocked.

there were a lot a LOT of people both within the democratic party establishment and without who wanted to end the filibuster.

but Joe Manchin and Kyrsten Sinema were against it. And voted with the republicans to preserve the filibuster when they tried to alter it in order to pass voting rights legislation in January of 2022.

There is a lot I'm angry at establishment democrats with. I'm also particularly angry with Biden. But it is also frustrating to watch people who either weren't paying attention or forgot say things that doesn't reflect the political system we are currently saddled with.

[ordinarytalk]

I FINALLY QUALIFY FOR PUBLIC SERVICE LOAN FORGIVENESS

My initial student loan was $54,935.92.

I paid over $30,887.83*

My loan is currently at $51,756.93.

I thought I had made all 120 qualifying payments last year. I had to submit and resubmit the PSLF application multiple times, because it kept getting sent back because of problems with how my employers signed the form. It turned out some of the payments didn't qualify, so I had to stick with helljob for at least another year.

I definitely had made 120 qualifying payments this year, so I sent the application in December 2023.

Just got notified now that I have made all qualifying payments. I've made three extra payments, even.

"After we receive the approval, it may take up to 90 business days to process this information."

Three more months of helljob, because I still don't trust this is going to go through and I don't want to quit until I know my loans are gone. I do not have anything lined up after helljob, and I'm terrified of losing my helljob health insurance because I got medical complications. But I hate helljob. I hate helljob so much and my first emotion waking every workday is despair.

At least the loan payments have been paused until the reimbursement is processed. Theoretically I should get reimbursed for the extra payments, too.

* This was only my qualifying payments. The total amount I paid was higher. The website isn't showing me the non-qualifying payments and I have to submit a formal request to get my full payment history. I submitted the request, but it will take a few days to be sent to me.

[perfect-jerry-blossom]

growing up you always hear “never buy a new car it’s a scam” but nobody ever prepares you for the “10 year old used car with 45k miles on it costs $16k”

[badolmen]

I’m really frustrated my card got locked on Friday - I’ve been going through donating $5 to roughly 12-14 campaigns for weeks now but this week it gets flagged as potential fraud? Not only that the company is closed on the weekends so I have to wait until Monday to unlock my card (if I was still living alone and had to buy my own groceries/pay for gas I would be in trouble).

[mechieonu]

idk if this problematic in some way but i keep hope for a free palestine alive by being mad

[cathalbravecog]

i love wanting to detail everything but also knowing nothign abotu what businesses and ppl working there Actually do like ah yes heres my cog oc they work here uhm they do uhm

They Do Some Kind Of Paperwork...!!!!