Are you in any form of debt?

[Grant]

Do you have any debt? I have some college loan I still need to pay off, that's around $6000+ other than that I don't have too many debts to pay off. What about you though?

 

[Kane]

I have a pending bank loan. I burrowed from the bank to start a dairy business. The business was at a loss, so I could not pay back the loan. I liquidated my business and managed to pay 60 percent loan but I still have to pay the remaining 40 percent.

 

[Ja sa bong]

I have a pending bank loan. I burrowed from the bank to start a dairy business. The business was at a loss, so I could not pay back the loan. I liquidated my business and managed to pay 60 percent loan but I still have to pay the remaining 40 percent.

I feel bad hearing this about your failed dairy business after borrowing bank loan to facilitate the business. You've tried to pay 60% of the loan remaining only 40%. You can be able to pay it off with the big part of the loan settled. The only problem you will face is the accumulation of interest in the loan as it keeps being unpaid.

 

[Cory1]

I'm not in any type of debt at the moment, but I'm usually tight on finances. Thankfully, I have wonderful parents that help me financially when I struggle and I can usually depend on them when I'm low on funds. The only time I remember being in debt was when I owed money on a car payment. There may have been a few other times, but that's the only one I can recall.

 

[Kane]

I feel bad hearing this about your failed dairy business after borrowing bank loan to facilitate the business. You've tried to pay 60% of the loan remaining only 40%. You can be able to pay it off with the big part of the loan settled. The only problem you will face is the accumulation of interest in the loan as it keeps being unpaid.

The major problem with the bank loan is if you do not pay your interest, it will be accumulated in your principal amount and you will also end up paying additional interest in your unpaid interest. Therefore, I make sure to pay interest regularly.

 

[Ja sa bong]

The major problem with the bank loan is if you do not pay your interest, it will be accumulated in your principal amount and you will also end up paying additional interest in your unpaid interest. Therefore, I make sure to pay interest regularly.

It's good hearing this and it shows you made sure to know everything about how the loan and its interests are designed. There are people who take bank loans without knowing all these details and when the bank come with the debts they are meant to pay, it will become a shock to them.