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Personal loan
Reasons why you shouldn’t take loan
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[QUOTE="Good-Guy, post: 214031, member: 29109"] Taking loans is something many people consider an essential part of any business. There are many kinds of loans that are taken by an organization or any individual person for various reasons. For example, a student might take a student loan for studies. However, I do not think that taking a loan is always a helpful thing for various reasons. One of the biggest reasons why I am against taking loan is the high amount of interest rates being charged on loans. Secondly, many organizations provide loans but the deadline of repayment is never extended or it is just too short. If a person fails to pay the loan, then the property or any mortgage gets confiscated. In fact, any person would not even get a loan in the first place without mortgage. If you start a business using the borrowed money and if you suffer from losses, then you will find yourself in big trouble. Your bad debts will increase badly and as a result it can have an impact on your credit history if you fail to pay the loan back at the right time. These were some of the main reasons why I dislike loans and I will never borrow money. [/QUOTE]
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Reasons why you shouldn’t take loan
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