Fuzzmosis on 01 August 2007
Dodece: The only reason to take a loan is to take advantage of a financial opportunity that you do not have the resources to currently take advantage of, and will be getting a larger return than interest cost. I.E. a house, which may increase payments for a decade (Over rent) but end with an enormous asset at the end of the loan that was worth the cost over previous expense.
Taking a loss and not paying back the loan asap just makes it a bigger loss, seeing as even if payment isn't due for 5 years, interest is still accrued. No one loans money at 0 interest, because then they are losing money.
See Ya George.
"He did not die - He passed Away"
At least following a comedians own jokes makes his death easier.
