I experience this once in my real business though it is not trading or some online transactions yet I borrowed in Lending to use in my food business but as it progress? the business did not materialize and this leaves me having a debit increasing its percentage each week and it took me at least almost a year to pay off, since then? never that i borrowed any amount for investment but I only borrow for emergency purposed amounting that i can pay back sooner.
I already heard a same case and there are even bigger businesses or loans. Some are fortunate to grow their business even more and they can be able to pay that loan on time while some are just unfortunate. Well, that is life.
We need to try and take risk to see if what will be the outcome but at least you only loan a money which you think you can easily pay once the outcome didn't run well right? This is the important thing that a loaner must follow but the term in your loan is crazy if the interest grows every week. I think that's not fair. I heard that we can be able to report these kinds of lenders to the authorities because they are taking advantage of someone else.
Yeah, thats life and there are indeed times which we do really need to take up some risk if you do really like on making yourself to have some progress into your life or business.Some are really just that sticking into much safe side which it isnt that bad but there are ones who do take up some risk for them to dive in into those opportunities which does give up some chance for you to enhance and improve on what you are currently
dealing with.Avoid on getting those loans or borrowed funds as much as possible because you dont know on what would happen next where the market could end up some bearish
which would really be putting you into a tough spot.