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What is the importance of responsible borrowing?

  • What is the importance of responsible borrowing?
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Answer #1

In responsible borrowing one should not borrow more than the need as per the existing financial situation and for a genuine reason It may be for the bussiness or for the education or any other important purpose. It keep in the mind the f present and the future finantial perspectives. It is full of the proper communication with keeping end results in the mind.Responsible borrowing maintains the healthy relations with the lenders.

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