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Personal Finance
Business & Personal Loans
What Should Personal Loans Be Used For?
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[QUOTE="Augusta, post: 10680, member: 237"] Same here, I'm not an advocate of getting a loan that one will use for anything apart from investment. Then, again, the investment should be on one that one knows about that it will not be waste of money. So it is always good to used one's savings but if not borrow but let it be for investment not on spending on one's lifestyle. Personal loan comes with with a repayment plans which might be with high interest and duration that isn't favorable. So to avoid all kind of harassment or embarrasment it is good to avoid taking a loan that will bring stress. [/QUOTE]
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What Should Personal Loans Be Used For?
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