Please enable JavaScript.
Coggle requires JavaScript to display documents.
UNIT 9: RAISING FINANCE: The advantages and disadvantages of borrowing…
UNIT 9: RAISING FINANCE: The advantages and disadvantages of borrowing money from different sources
a bank
Advantage
open a passbook
use money to invest
low interest loan
high interest savings deposit
spending management
Disadvantage
information risk
high interest rate
You have to pay when you use it
)
Advantage
Easy to control spending
High safety and security
Convenient
Spend first, pay later
Disadvantage
High deferred interest rate
Fees are charged when using the card
Information risk
a friend or colleague
Advantage
no interest
Easy to borrow when needed urgently
No need for a lot of paperwork
Disadvantage
not paying on time
Can't get a loan with a large amount
easy to lose trust
a member of your family
advantages
easy to borrow
easy to borrow
relaxing time
disadvantages
easy to lose love
difficult to lend large sums of money
Loss of love in the family
*
a loan shark
*
advantages
fast loans easy mortgage
mortgage in many forms of property
loan for an indefinite period of time
disadvantages
easy to cheat
interest rate too high
A pawnbroker
Advantage
Easy to work
Get money fast
Disadvantage
Must mortgage with property
Extremely high interest rate
No credibility
A credit card company