Love, Life And Everything Else 

Loans are essential for facilitating many things in life. For example, without student loans, many people would not be able to afford college education. Bridge loans allow people to buy house without the inconvenience of selling their current home first. Some loans can quickly spiral out of control. It is bad idea to take a loan for margin trading. When the market turn against you, you will be hit with margin call and you can even lose all your pledged money. In general, loans should be paid off as soon as possible. If you have several loans, they should be consolidated for easier management. For example, consolidate your student loans if you have several. You may even be able to ask for a lower interest rate in the process.