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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

Please leave your knowledge and opinion!

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