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RE: A loan is a blessing if channel into the right thing
yea most people dont know this, and the worst is that the money owed is accumulating with interest, so it will really affect them a great deal in the future...
0E-8 BEE
Guy... the way the interest accumulates is devilish. I know someone that borrowed 10k, but he couldn't pay it back on time. It soon got to 40k. Eventually, the interest rose to as high as even 150k. It was as if they were adding interest for every day the guy didn't pay the money. It was just insane. I don't know if he has cleared it now, I don't even know how he would. Someone that couldn't pay back 10k, how will he pay 150K+?