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Personal loan
Loans: Good or Bad?
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[QUOTE="Jjjjj12345, post: 461"] In layman's term, a loan is money you borrow from a financing institution that you have to pay within a certain period with interest. So when is loan a good option? Loan is good if you will use to leverage your resources. For example, you will use the loan to expand your business. The advantage is that you have the money from the loan to use, and once you start earning from the business you can use thus to pay the loan without shelling out from your pocket. Loan is bad if you do not plan ahead what you will use it for and if it will be spent without purpose. [/QUOTE]
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Loans: Good or Bad?
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