Posts by shadowmason24

Brenda Ruiz63 said:I’ve been reading up on the economic recovery plan proposed by Kamala Harris, and I'm hearing that interest rates might hover around 7%. At the same time, I keep seeing business leaders on the news mentioning they can secure loans abroad at much lower rates, somewhere between 3% and 5%. Does anyone have any insight into who to contact regarding those types of options or what the typical procedure looks like? Thanks!😕

It would be a smart move to secure new loans at that 3-5% range to pay off existing debt with much higher rates—provided these new options offer either fixed rates or are tied to something like LIBOR.

It’s generally best to steer clear of loans and avoid any entanglement with the banking system altogether.
Now that things have taken a turn for the worse, banks are making repayment even more difficult. I can't help but wonder what happens when the economy recovers—they’ll likely just squeeze those already struggling to pad their own profits. We were all a bit naive to step into that system, only to find out that while they exploit our trust, the government we fund offers absolutely zero safety net.
That is precisely where the issue lies.