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Personal loan
Taking loan to repay another loan?
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[QUOTE="Bookwormlux, post: 226824, member: 25193"] This is a very funny situation, but that is a reality when you consider the lives of some individuals who have gone so deep in taking loans . They may have tried other methods of raising money to see how they can repay whatever loan it is there owing, but they see that it is not going to work out and so they have no option than to try to see how they would then collect more loans to settle the ones that are already outstanding . Sometimes, you have to just understand with them because they are usually finding it hard to settle their current bills and still be able to recover from the effects of settling an outstanding debt . I am always of the opinion that people should try as much as possible to make sure that did not take long at all, but even if you decide to go that path, try and maintain a high sense of discipline that will enable you to not take much than you can repay . When you start collecting loan for one company to settle another loan company, you are getting yourself in a bigger mess than you ever thought possible . What do you think? [/QUOTE]
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Taking loan to repay another loan?
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