recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k, how easy would it be for me to take out a loan and how long would it take? has anyone else done something like this?
feel free to message me or comment below
feel free to message me or comment below
As I understand it, you received insider information ....
However, insider information can also be false. It is possible that you will be deliberately misled. It is also possible that the source of the insider information was (in turn) misled. In any case, you can get into a very dangerous situation. If your venture fails, you will not be able to repay the loan and pay the accrued interest.
The bank is very cruel to debtors. It passes the receivables to collectors. Collectors take all measures to collect the debt from the debtor.
In my opinion, the only situation where a bank loan is justified is the purchase of real estate. Real estate is a very expensive asset. It is difficult to buy property without a mortgage.