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 Post subject: Re: Would You Rather?
PostPosted: Wed Jun 15, 2022 10:08 am 
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$50 million. in a payday loan store.


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 Post subject: Re: Would You Rather?
PostPosted: Wed Jun 15, 2022 10:11 am 
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Brick wrote:
SpiralStairs wrote:
Brick wrote:
If you walk into a bank with a perfect credit score and say "Give me a loan" they will.
If you walk into a bank with $50 million in assets and say "Give me a loan" you get taken to the VIP section and they offer you virtually free money because they know that if you don't pay they can just take your assets.


You're explaining why having a perfect credit score is the better scenario.
With a perfect credit score, you don't have $50 million and your loan charges you more interest than the person with $50 million.


You're really underestimating the value of a low interest loan. Take the money. Start a business. Pay off the loan and take out a new one to start another business or expand your existing business. Rinse and repeat.

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 Post subject: Re: Would You Rather?
PostPosted: Wed Jun 15, 2022 10:15 am 
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Banks must love you.

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