Extremely Long Term Debt

If you have ever taken out a loan, you are probably familiar with the details of taking on debt. You have an amount that is borrowed, an interest rate, and a term over which the debt is paid back. However, sometimes, a term might be extremely long. In a few cases, the debts can be served in perpetuity. Learn more about the extremely old debts which took forever to pay off on this episode of Everything Everywhere Daily. Learn more about your ad choices. Visit megaphone.fm/adchoices