• @[email protected]
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    9
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    8 months ago

    The terms of a loan boil down to “we’ll give you x, pay it back plus interest in y amount of time”. How do you stretch something with a legally binding predetermined end out indefinitely without hurting your score or financial wellbeing?

    • @NegativeInf
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      58 months ago

      Take out a personal loan for the balance?

      • @[email protected]
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        48 months ago

        Isn’t that just kind of burning money at that point, i.e. harming your financial wellbeing? Also, aren’t personal loans seen as “bad” for credit score purposes? I had to take one out a few years back and my score dropped like 45 points within the week