Saturday, 28 January 2012

Dangers Of Borrowing

Other dangers of borrowing is that it drains money from low income communities whereby taking an example of payday loans, most of the people who use this service are the low income earners of who have no assets which they can offer to traditional banks which charge less interest on money borrowed. The worst dangers of borrowing are that it doesn't encourage people to save because if an emergency arises.

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