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Personal loan
A Loan From Friends Or Bank Which One Suits You?
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[QUOTE="Good-Guy, post: 230558, member: 29109"] Well, there are many reasons why I will never actually apply for a loan. First of all, taking loans is quite risky. If you start a business with a loan and if your business fails, you will get into bad debt. In majority of that cases, people have to mortgage their properties and apply for a loan. In case the business fails, they have to pay the loan somehow. Otherwise, their property will never be returned to them at all. However, I think that borrowing a loan from a family member would be much better. This is because you may never need to go through all that documentation and paperwork required by the bank when it comes to apply for a loan. Please note that banks always try their best to make sure that a person could return the money back and they would require many things. However, you may not need it when it comes to asking for a loan from a family member or relatives. However, you must note that your family member or relative might lay down their own terms of conditions when giving you the money, so you must be ready for that. In short, getting a loan is never an option for me. [/QUOTE]
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A Loan From Friends Or Bank Which One Suits You?
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