answersLogoWhite

0

It is essentially a different variation on the Ponzi scheme, and it will eventually - and inevitably - collapse, taking you and all your assets with it.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What are the advantages of using bank overdraft as a means of financing?

Theoretically, if the interest rate on your overdraft is lower than the rate on your other alternatives (not likely), you pay less on the bottom line.


From the standpoint of the issuing company what are the Disadvantages of using bonds as a long term means of financing?

interest must be paid on a periodic basis regardless of earnings.


What are the advantages and disadvantages of overdrafts?

One disadvantage to overdraft is the fact that it is automatic and you can use the service without knowing it. Some people would prefer to be declined. An advantage to using the service is the fact that you can extend how far your cash goes using it.


Does using overdraft protection affect my credit?

No. Having overdraft protection does just that...protects you from having adverse credit and helps you maintain a good relationship with your bank.


What are disadvantages of using car?

What are disadvantages of using car?


What are the benefits and risks associated with using prepaid debit cards with overdraft features?

Prepaid debit cards with overdraft features can provide convenience and flexibility for users who may need to make purchases beyond their card balance. However, the risks include potential overdraft fees, which can be costly, and the temptation to overspend beyond one's means. It's important to carefully monitor your balance and spending to avoid these risks.


What are advantages and disadvantages of using a heligimbal?

what are the advantages and disadvantages of using a heligimbal


What does red or black mean in accounting terms?

'In the red' means a negative value or below zero. If you were using the overdraft on your bank account you would be operating 'in the red'. 'In the black' is the opposite to this - above zero.


How does owner financing work?

Owner financing is a method of financing a house or other item without using the assistance of a realtor or broker. Be sure to use a bank that is familiar with working with individuals for financing.


What are the disadvantages of using silk fiber?

no disadvantages


What are some disadvantages of using loudspeakers?

disadvantages


What are the disadvantages of using graphs?

I like graphs, no disadvantages.