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The time now is 07/04/08 - 18:42

Borrowing money from abroad?


RealCool.BIZ Forum Index -> Finance -> Loans

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bren
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Joined: 01 May 2005
Posts: 4



PostPosted: 11/12/07 - 11:00    Post subject: Reply with quote

Is there any difference if I borrow money from abroad, I heard how that can be better solution in case I want to reduce the amount of money I have to pay later? Have somebody done that? I could easily find a good bank overseas, but it is still a decision to make, since other people told me that I can only lose money that way. Anybody to help me with some advice?
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bryon
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Joined: 28 Aug 2006
Posts: 5



PostPosted: 12/11/07 - 23:32    Post subject: Reply with quote

A lot of people will tell you that it is a bad idea only because they are skeptic when it comes to anything that is not domestic, my partner and I have borrowed money from a foreign bank simply because it had better terms and we had no problems at all. Only question is how to find a bank that is trustful enough and when you find one go for it!
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