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If you are ever allowed to borrow money from anyone or anywhere, how much are you going to be comfortable to borrow? 

8 Answers

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The amount of money you are comfortable borrowing depends on several factors, including your income, your budget and your overall financial goals. It is important to assess your current financial situation and think carefully about how much you can realistically afford to pay back. You should also consider all other potential sources of financing before taking out a loan or borrowing money. Ultimately, the amount you feel comfortable borrowing should be an amount that you can comfortably pay back over time.
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It's is really depend how much you are capable of paying it back. Some lending company has the minimum and maximum allowance to let their customer borrow the money. If you can able to pay the amount you want to borrow, then you can borrow the amount. But for example,if you are buying a home and there might be requirements how much you are earning, and how much the deposits your need to acquire. And you have to pay the interest from the amount you borrowed, depending on the company you are borrowing with.  I really don't like borrowing money as as I can if it is not necessary and it is not intended for important stuff like hospital bills, or something you really and have to buy.  In the end you need to budget your income in order to pay the interest.
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I'm one person that is never comfortable borrowing money because I don't like the issues that comes with you. I don't like disturbances,harrasement or the embarrassment that's comes with borrowing. And the fact that any money that comes into someone hands goes to servicing of the borrowed money or paying one's debtor is a huge turned off for me. So before I borrowed money it must really worth the need. I hardly borrow money from individual I do get loans from the bank because of one project or the other.
I wouldn't advised anyone to be borrowing,it isn't a healthy thing to do. But if I'm to borrow I borrow from $1000 and the repayment period must be reasonable to be for me to think about borrowing it and the interest rate must be good too.
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The price that people pay to borrow money. When people make loan payments, interest is a part of the payment. Interest Rate- The cost of borrowing money expressed as a percentage of the amount borrowed (principal).
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As much as possible, I do not allow myself to borrow money from anyone or lending agencies. I cannot deal with the high interest in paying it back. So I rather work hard and obtain the money in my pocket.
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I really don't like to borrow money or buy things on credit it doesn't give me a good face so I am not praying to do so anytime any day.
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Borrowing is not my thing so i will not be comfortable borrowing from somebody even though i am given the go ahead to do so or borrow any amount of my choice.
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The amount of money that is comfortable to borrow depends on individual circumstances such as income, expenses, and debt obligations, and should be carefully evaluated.
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