Ok, so there's really no need to get a GSIS loan, or any loan for that matter, especially if you don't need it. But more than half a dozen people have prodded me to take out a GSIS loan because if I don't, someone else will supposedly take one out in my name! How true is that? The fact that more than one person has told me the same thing means that there must be some grain of truth there right? Or maybe it's just a case of double (or triple) hearsay perpetuated into a truth because it's been repeated over and over again?