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Personal loan
Taking loan to repay another loan?
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[QUOTE="Carpon, post: 281778, member: 86701"] This is a very dangerous habit and it really affects one's finances. Now imagine collecting loan and being unable to pay and then deciding to take another one to pay. This invariably puts you in a state of perpetual loan collection and you'll probably never get free from the bondage of loan collection. And if you are used to collecting loan, it gradually becomes a habit and you find it hard to quit at some point and even without a good reason you will find yourself collecting loans. And also, there will be a time when you will be unable to even settle your loans because the more you collect loans even for that purpose, you will still use part of the money for something else. This makes the amount that you owe generally to be increasing with every loan you collect. Personally I don't think this is a nice idea and it has grave consequences on finance. [/QUOTE]
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Taking loan to repay another loan?
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