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Personal loan
The risk of collecting a loan
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[QUOTE="Axis, post: 265826, member: 66672"] Many people tend to collect loan either in a high amount or any little amount to sort an issue invest on a business or take care of physical and material needs. But why is connecting alone an risky plan. Don't get me wrong I I never say connecting alone is bad or illegal but you need to assess the risk factors with collecting a loan. When collecting a loan you need to be mindful of what you choose as a collateral. Most times people tend to use their houses as a collateral but not liking the fact that if they do you feel in pain back the loan they can be homeless. And as we all know many people who have fell in pain back alone have been really frustrated and sometimes it can lead to suicide because taking too much always you can pay back the loan that even cause mental sickness. I remember an example of experience that I noticed earlier a businessman collected a loan of 300 million naira in order to buy goods outside the country I'm so why important into the country using water transportation unfortunately they should go to rent and all the goals we are all drowned the man found in a challenge in pay back the money and as a result he lost his job and his house you can agree with me that that is really a horrible experience. And so I want you to always examine the risks before a loan [/QUOTE]
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