Thread: Financing
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Old 04-23-2010, 08:58 PM
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Quote:
Originally Posted by RodKnock View Post
Are you serious? People with money in the bank get loans all the time. I think the term they use in finance is called leverage.
Why would you put fifty grand in the credit union account so you can get a fifty grand loan from them for 1% more than what the account earns? (You have to leave the money in there, too.)
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