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Why Personal Finance Is Better Than Taking Loans?
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[QUOTE="sincerem, post: 217715, member: 25228"] [FONT=Courier New][B]The loan repayment interest is something that isn't worth but, some are simply set high. Meaning, you pay excessively as repayment interest covering the loan. It is not good enough to start the business with loan especially as a flat beginner, it will take some time for the business owner to generate such capital back and paying back the loan. Especially when the loan is a short term loan, a long term loan is quite better than going over to a short term loan with high interest rate. The probability of the person managing a business with a loan with high interest rate is just slim to make it far in that business. It can only take a virtue of business luck if the person got experience alot before he or she even thought about the business. Still I would not still advice anyone concerning starting a business with a loan, unless nthe interest rate is very much okay and the repayment s a long term option and not just within short duration of time. At least, that's where the new entrepreneur can operate and having a free mind of running a business without any thinking of fear of collapsing. [/B][/FONT] [/QUOTE]
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