Would you accept this offer?

Turn on the light and the roaches scatter.

 

You do realize you will have interest accruing on that $120,000.00 every month, right? A year from now you may owe 130-140??? You really aren't very bright. I think Uber eats is about your speed. Trucking will chew you up and spit you out before you even make it to school. Please go troll the Truckingtruth website.

 

Loans are fine if you have the ability to pay them back, just keep in mind the due diligence and consider the "what if " situation what if interest rates rize? what if my income drops? can I still afford the repayments?

 

As was said, that 20,000, that’s just sitting there in the bank is costing you $35,280.
So say,100k.
If it’s still 3.75% and if payment is $98 per 20k, that’s $490/month$5,880/year $176,400For 30 years.
Plus the 20 no, 35,280 you already owe.

And, it’s the government, if you don’t pay, they’ll garnish your wages and take everything.

My figured may be off some, as I don’t know the monthly payment, but when you break it down, it’s no good.

You can’t borrow money, put it in a checking account, and think you’re going to make money, while paying interest on it, you’ll go in the hole.
If, if, start up a business, and make a good go of it, you might be ok, but not to just sit it there.

 

I’d say $500/week garbage truck driver.
His helpers here are jailbirds doing community service.

 

I didn't take a ppp loan and don't need or want the government in my life any more than they already are .
I know a couple people that did and they're in deep doo doo if they ever get audited .

 

...Lets see..bzinger...*scrolling down list*
Ah, here we are.
You owe $500 from years ago, at 25% interest, We’ll settle for ah, hows an even $10,000 sound?
Oh, if you don’t pay in 30 days, we’re taking your house, thanks again for your cooperation.
Have a nice day.

 

Exactly! I dont think vacations and new pick ups qualify.