Only a fool takes a loan and pays it back, the point is when borrowing, especially for large loans, go bankrupt, get the money out somehow, use a good accountant and don't pay anything back. if you take a loan in order to pay it back, you are a loser because the interest is your work and the effort you give away. besides, banks print money out of thin air, so this money is free for everyone.
Money makes money so with this money you can set up the real honest business or to set up next business on other person name keep money flowing then build some credit history and take new loan.
That's the smart way and your time efforts getting paid and you make atleast something out of it.
What are you trying to say that is Good to loan money and don't bother to pay back? Honestly that's not a Smart move just so you know and it'll just keep you in debt and give you a bad name.and you're saying one is fool taking a loan and paying back..
I know you're saying this cause of the high interest rates and all that but that's not how it's suppose to be,you ought to pay back cause not doing so Will disorganize the person's business and plans
To loan or borrow funds is one and payback is usually the problem so it shouldn't seem like it's one's right now to pay back when owing such money,think about it in the other form that it's from you they borrow from and don't pay back how would you feel.