Why It’s Not Such a Good Idea to Take a Loan from Your Employer Even if It’s Interest Free?

Posted by on June 30th, 2008 at 11:19pm

Finance, Economy-Business News, Stock Market wrote an interesting post today on
Here’s a quick excerpt
I have made this mistake once before and thought I’d share my experiences. Here’s why I believe you should not opt for a loan from your employer: Any loan from your employer ties you to your job. You can’t come out until the loan amount has been cleared in full. You might argue that you can always ask your new employer to bear the loan. But where does that take you? From one chain to the next? Plus, I’m not sure if any employer today would be willing to bear existing loans. It’s psych

Read the rest of this great post here

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