Hello everyone, I am a businessman settled in Ontario. My business have been doing downhill for sometime now and it has affected my credit score and ratings. And right now I am in need of some urgent money so I'll have to take a loan. I contacted few lenders and have finally applied for a bad credit loan with one of the leading financial firms. I just hope this won't trouble my credit further. What are your thoughts?
Wed Apr 01, 2015 4:29 am
Cash: $ 381.25
Joined: 09 Feb 2009
Why fix debt, by borrowing more debt? My best friends Import Auto Service business was suffering for years and each year his salary went from 20k, to 17k, too 15k. What's the point of continuing a business that is losing money every year? So I convinced him to get out and try something new. He is very happy now that this happaned because it felt like a trap for him.
Risk comes from not knowing what you're doing. (Warren Buffet)
Fri Apr 03, 2015 3:21 pm
edward222 Contributing Member
Cash: $ 9.75
Joined: 06 Apr 2015
quote:Originally posted by littleroc02us Why fix debt, by borrowing more debt?
People think that they can solve the problem by borrowing in other person, people should study financial education.