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Things to consider before taking loans
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[QUOTE="Realekom, post: 302696, member: 94507"] Loans is anything optioned with an option to pay back with interest, some loans comes with high interest while others comes with a low interest depending on the lender and the level of loan aswell. There must be a collateral when obtaining a loan, this collateral will come from the borrower, collaterals are sometimes valued than the loan which will foster quick pay. Before going into loan there must be some things to consider, things like 1. HOW DO I PLAN TO PAY BACK? 2. WHAT'S THE CONDITION OF THE LOAN? 3. WHAT'S THIS LOAN FOR? 4 CAN I REALLY PAY BACK? 5. CAN I MEET UP WITH THE DEADLINE DATE? [/QUOTE]
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