GROUP 3: Advantages and Disadvantages of Raising Finance from Different Sources

A credit-card company( Xuan Anh)

pawnbroker

A Bank ( Sam )

disavantage

advantage

Advantages

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Maintain Your Ownership in The Business

Advantages

Disadvantages

Quick procedure

Convenient

Bank Loans Are Flexible

Credit Improvements

fast

private

sercurity

crime

personal information

Public and transparent documents

Multiple cards can be opened.

need mortgage

Being scammed by a 3rd party

A loan shark

Disadvantages

illegal debt collection

usually illegal

Disvantages

High-Interest Rates

Risk of foreclosure if unable to repay the loan

Erratic rise and fall in interest rates

criminal underworld

Make Large Purchases

A friend or colleague ( Sam )

Loan limit is not high

Advantages

Disvantages

Risking Your Credit Score

Will be flexible

May lend funds interest-free or at a low rate.

Limited Legal Protection.

You will feel highly responsible for any losses they may incur

Damage close relationships.

A member of family

Advantage

easy to be sympathized

enthusiastic attitude

Disadvantage

can cause discord

Longer repayment period

Dương