kayode10
VIP Contributor
People obtain loan to do different things in the Life. there are some people who obtain loans to start up a new business. Some people obtain loans to finance their contracts.
One thing I know is that it is good to invest a loan in your business or an asset that will bring in more money for you.
With that you can be able to repay back the loan and interest with little or no effort. this is the reason why some real estate investors obtain loans to buy property.
And we have some people who are obtain loan just to buy things for themselves. This is not good enough because that is not the good way to make use of a loan.
I want to ask that can someone or take a loan to pay back the old loan?
One thing I know is that it is good to invest a loan in your business or an asset that will bring in more money for you.
With that you can be able to repay back the loan and interest with little or no effort. this is the reason why some real estate investors obtain loans to buy property.
And we have some people who are obtain loan just to buy things for themselves. This is not good enough because that is not the good way to make use of a loan.
I want to ask that can someone or take a loan to pay back the old loan?