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Personal loan
Know what loan is before requesting, what is loan?
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[QUOTE="Abigael, post: 220915, member: 25357"] You have given a very good definition of what loans are. It is very important to know all these for sure so that you can be prepared before taking the loan. That way, you can have a plan on how to pay it back. Since loans require you to pay both the principal and the interest, it is important that as you work hard to earn money, remember to get enough for paying back the loan. That way, you build a good credit history with your loan lender. It is also important to know the consequences of not paying back a loan. Such as getting a bad credit history, undergoing loss such as the collateral being taken and loosing the relationship with your loan lender. Knowing these consequences will push you to earn money so as to pay back the loan. [/QUOTE]
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Know what loan is before requesting, what is loan?
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