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Personal loan
Is it a good idea to borrow money to payback a loan?
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[QUOTE="Adetayo100, post: 90209, member: 27581"] It is a very bad idea to borrow money to re pay or service a loan, i strongly advice against it, where does the circle ends, you will still borrow another one to pay for the one you borrowed again then the list will be endless and all this loans are coming with intrest. What you can do in such a situation is to plead with you lender to give you additional days in order to pay off your loan instead of borrowing from another source. [/QUOTE]
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Is it a good idea to borrow money to payback a loan?
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