Answer:
1. When you borrow money or applying for a loan, make sure that you will borrow only if necessary.
2. Do not borrow a very high amount. Estimate the money that you will need and do not borrow too much, so you won't encounter problems in paying your loans like loosing a property that you gave as the collateral.
3. Just like your answer in number 2, don't borrow too much money. You should know your capacity so you won't have any trouble in paying your loans.
4. You have to consider the loan facilities. For example, loan terms, services offered, etc.
5. Monitor your expenses and spend your borrowed money wisely.
Step-by-step explanation:
