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Results: Have you ever considered getting a loan?

Published on 04/23/2019
By: shawngoth
1935
Money
There is much discrepancy and misinformation about obtaining loans. People love them or hate them. If you understood more about loans would you be more interested in getting a loan? Please answer the questions below, honestly to see if others share your insight or have a different point of view.
1.
1.
What method are you most likely to use in searching for a loan?
Online Search
27%
521 votes
Phone book
3%
55 votes
Walk into a loan office
20%
386 votes
Referral from an acquaintance
12%
233 votes
Other (please specify)
5%
104 votes
Not Applicable
45%
863 votes
2.
2.
Under what circumstances do you think you would most likely get a loan for?
Medical
15%
285 votes
Business
7%
126 votes
Home Remodeling
21%
409 votes
Vacation
4%
78 votes
Other (please specify)
7%
135 votes
Not Applicable
47%
902 votes
3.
3.
What frightens you most about getting a loan?
Unsure if you will be able to pay it back on time?
20%
386 votes
Concerned about not understanding the fine print?
6%
112 votes
Worried about a high interest rate?
29%
556 votes
Worried about the loan company not being reputable?
4%
84 votes
Other (please specify)
2%
34 votes
Not Applicable
39%
763 votes
4.
4.
If you were going to get a loan what amount would seem sufficient?
Around $5,000 or less
18%
354 votes
Around $10,000 or less
24%
461 votes
More than $100,000
6%
115 votes
More than $500,000
2%
45 votes
Other (please specify)
3%
67 votes
Not Applicable
46%
893 votes
5.
5.
Are you likely to get reoccurring loans or just for emergencies?
I LOVE loans, I get them all the time!
2%
32 votes
Loans are helpful when in need
18%
341 votes
Loans should only be used in dire, extreme circumstances.
36%
688 votes
Not Applicable
45%
874 votes
6.
6.
What kind of research would be required for you to be prompted to get a loan?
Reading finance blogs.
11%
218 votes
Getting a free consultation from multiple sources.
31%
605 votes
Pinterest.
3%
52 votes
Asking friends for advice.
18%
352 votes
Other (please specify)
3%
54 votes
Not Applicable
52%
997 votes
COMMENTS