Build loan repayments into your financial planning timeline

Consider opportunity cost when taking long-term loans

Evaluate loan types based on the asset you’re financing

Watch for teaser rates that jump after a few months

Business loans should be backed by a growth plan

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Ask lenders about forgiveness or deferral options

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Structure payments around your income variability

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Use personal loans as a bridge—not a budget

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Maintain documentation for your loan agreements

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Avoid stacking multiple loans at once

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Apply for credit responsibly to avoid future denials

Don’t ignore penalties for early loan closure

Make extra payments when possible to save on interest

Read all terms carefully before accepting funds