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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 want a business tomorrow.

Entering the business world is a tough thing to do. You have a lot of competitors that might be pulling you down. One of the problems of some people who want to start a business is the capital. You can start a business without a capital, but mostly it is more advantageous to start a business with a capital. You can loan money from banks and they will give you some advices too. You can loan money from other people too.

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 buy my enemy friend's company. In which he does work. But the problem is that I'm in loans

From my idea, you can help your investors in this case.

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.

Can I get a loan to treatment my old father? Because I belong to a poor family?

Don't worry, you can take loan to treatment. Because in this world, there is a solution to every situation and every problem. First of all, you'll have to find Bank which is giving loan to treatment. In that city, on where you live. After having met best Bank, you've to do ready legal documents. For example …Fill in your personal, financial, and employment details. And finally, do apply and get loans to the treatment of your father.

Can hospitals offer loans?

It is better to not take the loan and just borrow from someone you know because loans that happened in the hospitals makes those persons vulnerable. Most likely, there will be no contracts or whatever because the hospital is taking advantage of the situation of those who are in need. Most of those loans will surely have high interests that will make you free from your debt to the hospital but not from the bank which is the partner of the hospital.

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