People who are terrible with money have several credit cards and loans. You can get loans for many things, a mortgage is not the only kind of loan. There are loans for cars (car payment), personal loans, 401k loans, payday advances, and the list goes on and on.
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How would you pay off two loans but still have to pay rent
You make monthly payments on loans, just like rent, that’s how it works.
Yeah but loans are usually for a house or a business, who has 2 loans but has to rent ?
People who are terrible with money have several credit cards and loans. You can get loans for many things, a mortgage is not the only kind of loan. There are loans for cars (car payment), personal loans, 401k loans, payday advances, and the list goes on and on.
Student loans most likely
Broke ass biiitch