I took unsecured loan - the worst financial mistake I ever made
I think I made a huge mistake taking out this unsecured loan I honestly don’t know what I was thinking. I took out an unsecured loan at 21% interest, and only after getting into it did I really start noticing all the additional fees and charges plus you start paying the loan literally the following month no grace period whatsoever.
The interest alone is painful, but the fees make it feel even worse. Miss a payment, and that amount is added to the balance and still expected to clear the increased amount within the same month. Now I’m constantly stressed about the balance growing and trying to keep up with payments. It feels like once you fall behind, it becomes much harder to catch up.
To be honest my life was better before taking this loan. Don't be like me