Loans My experience from having large debt interest.

Jecsad2

New member
Waking up with abnormal heart racing as the interest goes higher each month you didn't pay, is hard.
You'll be mad at your kids, wife, and others around you.
Not the best feeling in the world.
Actually this is my experience as the cousin who have a high in debt uncle.
He got a business to build with bank money, suddenly the business project is stuck.
But praise the Lord, one of his property sold at a good price, so the 8 years of debt and meetings with lawyers come to an end.
As I can eat thrice a day, I won't do what I saw a bad choice.
 

Alexandoy

VIP Contributor
We experienced that when we bought our home via a bank mortgage. We had to borrow from private lenders for the repairs because the house was already old. The interest rate was pretty high that we felt pressure. Fortunately my father who is in the US offered help that he lent us $8,000 to pay off all our debts and continue with the repairs.
 

Augusta

VIP Contributor
For me a bank loan with high interest is a big No no. I hate to sleep with one eye open because of what I would have avoided. Banks don’t joke with their money because it is customer’s money so they will always come after with very embarrassing moves which is bad
 
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