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Knowing Whether or Not to Loan Money to Someone

At one point or another, most people will find themselves in situations where they asked for a loan. The person making this request may be a relative, close friend, or even a co-worker. Loaning money comes with its own risks and stigmas; what if the borrower takes too long to return the money? What if they can't afford to pay back the loan? Worst of all, what if they simply …

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How to Take Out a Loan

There are many people who will take out loans in their lifetime. There are many banks, online lenders, and additional financial institutions which have no problem issuing these loans. However, the reality which most individuals fail to understand is that loans almost always come with interest rates. In other words, not only will people have to pay back the loans, but they will also pay for having to borrow money …

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How to Pay Back a Loan

There are many people who wind up taking out loans at one point or another. Perhaps they needed the funds to invest in their education, pay bills, cover a sudden emergency, etc. However, regardless of the reason, the ultimate reality is that borrowed funds must be paid back. Unfortunately, there are countless individuals who struggle with paying back loans which they took out. This ultimately doesn't bode well, seeing as …

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The Dangers of Borrowing Money

Virtually everyone has found themselves in a sticky financial situation. Unfortunately, it can happen to even the best of us. Sometimes emergencies happen, unexpected events take place, and without the proper savings, these occurrences can seriously disrupt our budgets and financial health. In cases like the aforementioned, the temptation to borrow money from a relative, friend, or financial institution can be great. While borrowing money has helped people in certain …

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