We are, all of us, subjugated under the tight grip that the loan providers of the market have placed over us. Everybody you know is either involved in repaying loans or currently trying to pick both secured loans and unsecured loans to find the cheapest on offer. If you have to make a big investment, and you ask for suggestions from a trusted friend and advisor, the advice that you will invariably get is that of getting a loan to cover your needs.
The people of this day are certainly not apprehensive of landing up in the clutches of the moneylender. Characters like Shylock the Jew in Shakespeare’s “The Merchant of Venice”, exist only in the realm of fiction. Sure, in the past most loan providers may have been only engrossed in getting back their money and immense returns on it (which was in effect a pound of flesh off the body of the borrower).
However, in the modern world, attitudes have changed. In the world of loan providers, the debtor is the king. And he is treated like a king (provided he is not one of those people who are cursed with a history of bad credit). Everyone seeks to further his business by taking loans. Hoping to buy a new set...
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