Nope. Excepting a mortgage and yes, I always repaid as per the mortgage agreement.
I used to take loans out at the drop of a hat, and repay them regularly. That was a few years back. Since then i have been spending only what i earn, and haven't spent on credit since two years ago. I haven't got any loans either, so i am in a good state at the moment.
Institutions offer loans in order for them to make a profit. They take calculated risks thinking that the amount of interest they collect will sufficiently outweigh the risk.
For people that are very disciplined a great way of making or saving money is to take advantage of the low interest loans or loans with teaser rates (ie. very low rates for 6-12 months). For example, i can borrow 5K at 1% for 6 months and put it into a 6 month GIC at 3%. I make 2% after 6 months. However, if I can't pay back the money after 6 months the interest rate might jump to 10% and i will immediately start to lose money.
If you are very disciplined about paying loans back (and on time) take the loans. If you have a tendency to miss payments or be late with payments you should never take a loan.
by Gary Anderson 8 years ago
I must warn people from Australia with one Seeking Alpha article I just put out. Hope this will stand for your benefits, since I don't make any money on Seeking Alpha articles. I know some of you are from Australia.If you have a house and need the money from it, you should sell and rent now. What...
by Gary Anderson 8 years ago
Hi Marissa, a warning to Aussies: the housing bubble party is coming to an end: http://globaleconomicanalysis.blogspot. … s-now.htmlMish is usually pretty accurate about banker abuse and economic realities. I don't agree with him about some things, but much of what he says is true.
by Charlu 6 years ago
Do you go to the doctor at the drop of a hat, wait until your half dead, or somewhere in the middle?
by Jane@CM 8 years ago
How long does it take you to adjust to major changes in your life. For example, unemployment, a child moving out, a child getting married, relocation, starting a new job, etc.I'm learning it takes me about 4 weeks to adjust.And you?
by Dr. John Anderson 6 years ago
To meet the 'quality' standard to avoid hubs getting sleepy ZZZd just follow these rules:=> A minimum of 1500 words of truly informative, well-written, useful content => A minimum of 5 relevant, high-resolution, properly-attributed photos (ideally your own) => 2 videos (ideally your own)...
by thirdmillenium 9 years ago
If not, how do you feel about their being spoken to you?
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