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Why you must avoid the habit of borrowing
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[QUOTE="King bell, post: 277569, member: 75687"] The main reason why you should avoid the habit of borrowing is because there are many disadvantages. First, it can lead to you not being able to repay the debt back on time, which can lead to high-interest rates and a destroyed credit score. Also, if you're borrowing money that someone else is spending, this could cause major resentment in that relationship. You should also avoid the habit of borrowing because of the different types of loans available. For example, credit cards can be a huge problem, because you can get into debt and have to pay high-interest rates on your purchases. Also, if you lose your job and have no way to repay the loans back immediately, this could cause a lot of turmoil. Another reason why you should avoid borrowing money is that it could age you before your time. If you're constantly worrying about paying back debt with high-interest rates or constant credit card payments, this can definitely age you before your time as well as make it difficult to save up for things that are important like retirement. You also want to avoid borrowing money because it can cause major dental problems if you're not careful. [/QUOTE]
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Why you must avoid the habit of borrowing
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