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Personal loan
Should you use a personal loan to invest and build wealth?
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[QUOTE="King bell, post: 345377, member: 75687"] There is a general belief that using personal loans to invest and build wealth is not recommended for a number of reasons. Investing in high interest bearing personal loans can significantly raise the cost of investment, which may result in negative returns if they are insufficient. There is also the possibility of significant losses caused by uncertainty inherent in investment earnings and additional risk posed by loan debts. Furthermore, obtaining more credit can destroy your credit score as well as your financial health thereby making it difficult for you to secure future credits. The circumstances can make people take desperate action that puts their investments at risk when under pressure to pay off debts emotionally. When considering whether to take out a loan for investment purposes, it is vital that you assess how financially frugal you are, reflect on your goals regarding investing and establish what level of chance you need to assume on your investments. [/QUOTE]
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Should you use a personal loan to invest and build wealth?
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