I believe that loans can be both a blessing and a hindrance, depending on the nature of the lender and borrower. If a responsible borrower takes an amount of money he feels comfortable with repaying, there should never be a problem. Consumers should get into the habit of checking out the details of personal loans before they take one out. Interest rates and other factors can make a big difference. Lenders should be a little more wary, too. Sometimes they give big loans to people who don’t have the means to pay them back, causing loss for both parties. I took out a loan in order to go back to college, something I would have never been able to do out of pocket. Just do your homework before you get personal or secured loans and you should be fine.