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Personal loan
Selling your assets at cheap rates to repay a loan?
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[QUOTE="Abigael, post: 229856, member: 25357"] Selling your assets at cheap rates in order to settle a loan is a very desperate move. Which so many people take when their repayment dates are due and don't have any other source of income to repay the loan. I think you should only do this if your repayment date is due and the interest rate will be added highly if you miss the date. Otherwise, it is always better to pay the loan using other means. This is because you will eventually regret selling your assets at very small rates. One thing you can do is that you could talk with your loan lender to pardon your missed repayment date. That way, they don't increase the interests and gives you more time to look for the money. So many loan lenders will listen to such a plea. Personally, I always prefer to take a loan with an already existing plan on how to pay it back. This is especially great when the loan is meant to raise you some profits that you can use to pay back the loan. If the loan does not bring you profit, then at least plan for an earning method that will raise funds for your loan repayment. Maybe work for someone offline or look for an online earning method. [/QUOTE]
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Selling your assets at cheap rates to repay a loan?
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