If you are planning to get a loan you should be carefull because it could be a two way street.
Lets think about this for a while. When you take a loan you actually get yourselves some money from the future, they are from the future because you need to pay them back. The good thing about loans is that you have money now instead of the future, the bad thing is that everything comes with a prices, and the higher the loans are the higher the price for them. So if you invest those future money (I like the term) into something that will bring you big profits and you will pay the lender back you can consider yourselves a good investor. If you invest the future money into a bad thing that won’t give you any profits and won’t help you at all then you will have at least one problem.
One thing I do not understand about this world, how can you apply for a car loan an decide to spend more than half your paycheck on the monthly payments for it. I know auto loans are great and helped people, but this does not mean that they can help everybody. If we think about it maybe payday loans helped people to get out of trouble when they wore short on cash, but we all know that they can also make some big problems for others.
So… the difference between a good loan and a bad loan is not in the lender, it is in the loaner, because he decides what to do with the money.