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Is it safe to borrow money with 30% interest rate?

I am in short of money with the escalating price of commodities everywhere. I am an owner of a small business and I find it hard to endure the bank transactions that are miles away from our home. I am currently offered of a quick access of loan and said that they could provide innovative financial products. I am overwhelmed and sort of doubted the transaction since they have 30%-40% interest rate depending on the amount and time to paym

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    Loan sharks are illegal and they lend money to people that are unable to have a legal loan from banks or other legal sources. They offer immediate money but charge an extremely high interest rate. They usually threatens violence to people to collect debts. Their insterest rate are not of legal and above the regular rate.

    2020.03.24 15:44

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I need to loan a big amount of money but from whom?

Singapore banks can help with your loan. They give you a small interest rate. You can search online what banks offer loans. You can compare them now. There are some sites that lets you compare the loans of banks that are can make you at ease, You just need to make sure that your salary income meets there requirement.

The bank that I loaned is being closed.

We tend to loan to banks or other agencies that offers a lot loan. But we can not excape the fact that sometimes the bank or agency that we loaned might got bankruptcy. We think that our loan have been already cancelled but it's not. Because your debt is typically up for sale when a lender closes. ... In some cases, your loan can fall under the control of the Federal Debt Insurance Corporation (FDIC). Either way, your loan terms will likely carry over to a new company — with the same APR and repayment terms.

I want to apply for a renovation loan.

We are offering Loans/Investment funding for profitable project at a flexible rate, ranging from individuals, companies and traders globally.. My firm has recorded a lot of breakthroughs in provision of first class financial services to our clients especially in the area of Loan syndication and capital provision to individual and companies. Serious borrowers should reply to our email: alliancecredit@aol.com

Can I get a another loan even though I have debts?

When you are loaning from the banks. You cannot use the loan that you have to pay for the other loan. The bank had already paid for the stuff that you have loaned and would not be able to pass it to other stuff. You can not get another loan from another bank to pay the loan that you have. You had a contract with them and they just might repossess the item you loaned for.

Can I still apply for a loan after declaring bankcruptcy?

Starting a business is a great idea but has a lot of risks. When your business has reached its limit, it will go to bankruptcy. It will surely go to liquidation to compensate the debts that has been occured to the creditors. Now, you can still open a business even though you have debts. It depends on the business you are planning.

My car has been repossessed.

Not only in Singapore but all over the world, people tend to get loans from banks or from other agencies to be able to purchase a car. There are incidents when you are paying for the bills in your car, you lost your receipt and the loaner tells you that you did not pay the bill. It is a must to keep your receipt as evidence to your situation.

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