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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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Would it be legal to get a loan and then use it as a lending money thing?

It was technically legal because you will be the one to handle the money that you have loaned which means that you can do whatever you want to do with the money that is loaned. Just make sure that no law will be violated, specifically the loan shark law which is asking for an interest that is greater than 15% of the other loans. If this law has been violated, all the charges will be refunded and it will just bring hassle.

My wife always does demand expensive things like the diamond necklace and ring clothes etc. But my salary is out of the demand for her. Because I can't buy expensive things. So how should I keep happy her?

First of all, you'll have to get out of your stress. And after that, you'll have to do one work. And that is it work that as soon as you get salary. You give let money to his wife with love by bringing. And all responsibility of home also give let to her for running home's expenses. And then when she'll run home's expense then she'll get know about money value. And after that, you have come to your office by taking his wife to show the office how do you work in the office. When she'll see your hard work whole day how are you doing work. So then she’s wisdom will get come.

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.

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.

Can loan money be used for damage compensation?

An incident like this usually happens and as a museum goer, you are not obliged to pay the damage. You can report what had happened to the museum attendant and they will let you leave. After the incident report, an insurance company will send a representative to inspect the workplace and evaluate the damage. They will obtain a proposal for the repair to a conservator.

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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