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Getting a government loan can have its advantages and disadvantages. One advantage to a government loan is the ease of repayment. A government loan will almost always allow you a great deal of flexibility in your repayment if you should fall on hard times. Certain government loans, such as student loans, can be forgiven should certain criteria be met. A disadvantage to a government loan occurs if you default on the loan. Your wages can get garnished, a lien could be put on your home or your tax refund withheld. Be smart and make sure a government loan is right for you.

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14y ago

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