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1. The interest you owe them afterwards.
2. Getting yourself into debt more and more, and mortgages...
3. You can get yourself into a personal debt if you are borrowing from a loan.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoPeople close to you might get upset if you can't pay back.
Wiki User
∙ 13y agoYou need the money now but dont have it, you know you will get it next week, but it's now or never, so you borrow some money.
Wiki User
∙ 13y agoYou pay more for the privilege (interest)
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Where can you find out about borrowing money?
There are multiple places one can find out about borrowing money. It depends if one is attempting to research borrowing money from a bank, a money lender, or another source. If borrowing from a bank, then it makes sense to go straight to the bank for the information. The same goes for a money lender.
What are the advantages and disadvantages of borrowing money?
io
What are the disadvantages when a commercial bank is borrowing from the FED?
It's over 9000.
Is borrowing money from a bank an investing activity?
yes
Disadvantages of borrowing?
you don't get to keep the object. what is meant by borrowing
What are advantages and disadvantages of borrowing from a bank?
the bank advantage is you can keep your money safely but if you forget your password your money wil turn Ike a bubble but you can ask the bank officers to say the password again so if you forgot your password never dare trying again and againask an expert for you to remember your password never ask a stranger for you to remember your password
What is the meaning of 'borrowing from banks?
Borrowing from banks refers to the operation when an individual borrows money or takes a loan from a bank. The bank lends the individual money and this person will repay the loan to the bank. For ex: If I wanna buy a home, I will take a home loan from a bank and buy the house. Then I will pay my mortgage every month for the next few years and repay the money I borrowed from them.
What are the advantages of borrowing money?
what are the advantages of borrowing money
What is a benefit of borrowing money from a bank to purchase a car?
The car is paid for over a long period of time.
Tell you 2 disadvantages of borrowing money?
1) if you cannot pay it back the lender is out of pocket. 2) you then owe that person and all extra money you have until you pay them back belongs to them. borrowing can be okay if the amount is under about £10 though
What are the disadvantages of a bank teller?
the disadvantages of a bank teller are worker long hours and couting lot and lot of money and dealing with mean people
What are the services offered by the Cooperative Bank in the UK?
The Cooperative Bank in the UK offers money advice service to help you when budgeting, borrowing money, taking out a mortgage or opening a saving account.
