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06/01/18
15:24
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Originally posted by Kenton
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Nope that is very true uqxxu and you are open to ask something which in your view is valid.
Just like when you get a car financed there is a lender who will give you the money and add interest on that. In the event you default or can't pay for the car anymore, they will recover the car and then offload it generally for what they are owed, nothing more (in most cases)
Why would the lender not try and get more and pocket the rest? Well they just want their money + interest back usually.
Debt lenders are of similar nature to a degree. If there is a slight profit then great, but as long as they can get their money back and the interest along the way, they are happy.
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