Dangers of Debt
Text z Príbehu
- I am home ,Dear!!
- How was your day dear.
- Honey the owner just stopped by and said by next week we need to play rent and also we are out of rations, i need money to go out and buy them
- Same.. Boss..Pressure..work..
- I only have limited salary, how much more money can I get you. I paid sons tuition fee last week only. I dont have money now
- Fine give me some time and let me think about it
- Every time you tell the same reason. How can I manage home without rations or any money.
- I thinks it fine for us to take a gold loan from the moneylender using your necklace
- Don't worry about that I will take care of it, I will repay the loan in two weeks
- Fine but don't forget the interest rate of these if we don't repay it soon we may go bankrupt because of the interest rate
- I would like to take a loan what is the interest and terms of the loan
- Here is the collateral ,the necklace of my wife which is made out of gold.
- The interest charged is 15% per month and it should be paid in the beginning of the month. If not I will use to collateral to pay the loan .What is the Collateral??
- Honey its been 1 months since we took the loan, we are running low on cash . We need to pay rent and our child tuition fees. All of our money now is being spent on paying the interest i told you it was too much
- Now what will you do? I need money or else I cant food for tonight
- Fine then I will take a one last loan
- What do you want me to do?? I hoped we would pay the loan but the money i get is being spent paying interest I have no money left now
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