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Personal loan
Selling your assets at cheap rates to repay a loan?
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[QUOTE="Mika, post: 231046, member: 29399"] Not just individuals and businesses even the countries are selling their assets at a cheaper rate in order to repay loans. This usually happens because individuals, businesses, and even the governments treat loan money as free money, they do not use the loan money to do the right thing, they don'rt invest for income and profit-generating businesses and projects, therefore, their loan money does not generate income, and they cannot pay back their loan, and end up selling their asset at a cheaper price to pay back their loan. If you look in your society, you can see a lot of individuals around you who sell their assets for a cheaper rate in order to clear loans. Selling assets to clear loans is also common practice with businesses. YOu can see many examples in your country. Interestingly, some countries are selling their national assets to pay back loans. Sri Lanka burrowed a lot of money from China, they could not use the loan to earn a better income for themselves. Since they could not generate revenue from the Chinese loan, they could not pay back the loan in time, therefore, they ended up giving one of their busy harbor to the Chinese government. [/QUOTE]
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Selling your assets at cheap rates to repay a loan?
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