Quote from: virasisog on Today at 05:01:24 PM

Quote from: LastKiss on Today at 01:40:17 AM

Quote from: odunybiz on August 18, 2022, 05:39:42 AM

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👉👉Conclusion: People with good and profitable businesses can borrow money to boost their business during inflation. They will always be on the gaining side if the money is utilized well.

Once again if everyone has a good and profitable business then borrowing money is not a problem but people who struggle to even get some profit from their business will have trouble paying their debt. Just borrow money when you have a plan on how to pay your debt when the times come since not everyone feels easy to pay their debt even when they have a job.

The usage of borrowed money is situational but the repayment will depend on how wisely the borrower handled and managed it. Repayment would be hard for those who used it for survival during this inflation crisis but will be easy for those who took advantage of the inflation to grow the money. It all depends on wise handling.

Depends on where those funds or borrowed money had been applied whether it would be used for some expenses and might be used up on investment or business which it would really be identifiable on whose the one

would able to repay those debts or loan afterwards and this is why you should really be that sensible when it comes into these actions because it would really be putting you in big trouble if you cant repay those loans or borrowed money in certain time.Its understandable that inflation do really hits hard into us specially into those earners which it is really just enough on daily living or needs.
This is indeed very situational or does depend on how someone would be using up borrowed money.