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Personal loan
Taking loan to repay another loan?
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[QUOTE="Abigael, post: 228420, member: 25357"] Taking loans to pay another loan is a very funny situation for sure. But it is something that happens so many times to so many people. Most people who are financially stable and are in bad debt usually do this frequently. Being in bad debt means having taken loans without a plan on how to pay them back. Which so many people do so many times. Then their only option becomes taking another to repay that loan. For most people, it becomes a cycle of getting to debts frequently. People who decide to take loans to pay back another loan could also be facing the trouble of not having enough money left after paying their bills and expenses. They just earn enough for their bills and nothing more to pay back a loan. Which shows that they were not really prepared to take the loan in the first place. I totally support your idea that people should try as much as possible to earn better income. This will prevent them from taking loans. Moreover, whenever they take loans, earning a higher amount of income will enable them to earn enough money for their expenses and for paying back the loan. [/QUOTE]
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Taking loan to repay another loan?
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