Word of the Week #77:

Credit

You know what I don’t get? Loans.

Well, yeah, I actually don’t get loans. You see, I don’t have any credentials or collateral to enable me to get one, but that is beside the point.

The real point here is that I don’t get loans. I just cannot understand the concept.

Really, you are just betting that you though even though you do not have the money now, you will have it someday. Of course, you won’t actually have that money because, well, you’ve spent it on the EMI.

Also, if you took the loan to buy, say, a new cell phone, or a car, or a nice TV, you must know that the item would hardly last as long as the term of your loan.

So, at the end of the day, you are bound to end up with neither the money nor the stuff, half-broken by the burden bearing down on your back.I will admit, there are times when you have to take a loan. You cannot be a doctor if you do not go to a medical college, and those things can be rather pricey. Here, at least you know you get to keep the degree. Same with houses and real estate and such stuff, at least unless you buy a sea-facing bungalow and, well, the rising sea level leaves it half-submerged. It can happen, you know…

And, of course, there are times when you just have to borrow, perhaps for a business venture. As they say, you need money to make money.

Or, perhaps you need it because your daughter needs an urgent surgery. You really cannot ask her to just sit tight while you earn that money with your own hands, right?

Some expenses are indeed unavoidable, and some burdens have to be borne.

So, in conclusion, I guess I do get loans.

I wonder why my government thinks otherwise…

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Published by

Yashas Mahajan

Author of Arrkaya: Origins, now available online... Increasingly being referred to as The Writer Guy...

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