Ever heard of personal loans? Or how about secured loans? I've been asked to talk about what i think about them. I think we are not foreign to loans nowadays. No one can right away start working and can afford everything he needs. This is where loans come in handy. It might not be difficult to be offered loans. go to your nearby shopping complexes, or visit your favourite eating places, you might see stalls and people promoting loans with very attactive conditions. Heck, you might even see online loans offers being sent around in the Internet. 

I do think things have become a little too easy. That means, money are given out with little information and advice to those who applied for it. As long as you get it from a valid institution you will not end up with loan sharks and ah longs :) But again, they are concerned with profits - they want to help you to help themselves. If there is no good returns, banks and credit institutions will not survive :) So they will look forward for you to pay back slowly, while earning interests as you pay them back.

Some call this convenience at little costs. I do agree with this, though i also think we do not need them necessarily. As long as you can afford something, and need it, you should just pay cash instead of loan. Unless in a long run you see financial benefits in paying through loans, else there would not be a need to pay more than the price of the things you buy. At times loan interests are really attactive - imagine only 1% effective for a personal loan... you might not even feel much when the ammount is not much.

do evaluate and plan ahead. i believe a good planning and having moderation in mind will reduce risks. You can of course consult people or elderly people who have gone through the path before making any decision.