Russians Flock to Easy Loans as Income Dips

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“Loans help me to maintain my lifestyle,” says Vyacheslav Kondaurov, who, like many Russians, struggles to repay his debts as top officials warn a borrowing bubble might burst

ST. PETERSBURG, Russia—Keen to buy her first car, a Hyundai sedan, Elmira Agaliyeva applied for a bank loan of 800,000 rubles in 2016, the equivalent of around $12,600. Within an hour of filling out the application, it was approved.

“Of course, it was a good feeling, because everything I’ve thought about doing could be accomplished,” said the 34-year-old lawyer, who also does odd jobs to make ends meet.

 

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What kind of lifestyle needs money? Just stop buying porn.

Loans push one deeper into debt..it's a vicious trap. People should lead sensible lives spending on basics instead of lusting after IPhones, Tesla cars or fancy houses. At this juncture, we should remind ourselves of Mahatma Gandhi's apt saying: 'Simple Living, High Thinking.'

That could easily be the typical American, we/they just call it credit cards.

It's always crazy to borrow money to maintain a certain lifestyle, better to change your lifestyle to one you can afford.

So, Putin is going to be out if he can't get his people to agree to starve and freeze? potus might try that next!

sonaliranade Coming soon near to you India. B very cautious

Buy bitcoin

This sounds familiar. Googles, “why the rich get richer and the poor stays poor” oh yeah, that’s it.

Indian brutal face in Kashmir help_kashmir_to_save_kashmir

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