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Personal loan
Do you find it hard repaying a loan?
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[QUOTE="Josemendez, post: 71252, member: 25665"] First , I think you were quite fortunate to get the loan without submitting personal details that could serve as collateral . Now coming to being unable to pay back loan , I think this will only happen when the loan was gotten without collateral . Consider , someone borrowing a loan worth $3 and using an asset worth $5 for securing the loan . Do you think that he or she will be reluctant towards paying the loan ? , I don't think so. The bottom line was that the company that have out the loan had nothing on you ,and as thus you were a bit comfortable not paying back the loan. In general , it is right and ethical that ,before borrowing a loan , one should have a good plan as to how he will repay back the loan. This will help him succeed in paying back the loan and securing his collateral . [/QUOTE]
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Do you find it hard repaying a loan?
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