AZALAND DEBATE & WIN EPISODE 4: "Your bank offers to lend you up to 80% of your own savings: A bad deal?" Task: Argue for or against this offer. The most liked+rt'ed response joins the winners list to be rewarded. Must follow us on X & TG. Everyone can participate. #FinLit
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@ProjectAzaland Borrowing 80% of your own savings is a bad deal. Reason is because: 1. You'll pay interest on your own money. 2. Fees and charges will reduce your savings. 3. You'll miss out on potential earnings from investing elsewhere. 4. You'll lose access to those funds when needed.
