Personal loan, Sept. 19 -- Can you imagine a loan becoming so enormous that a borrower might consider taking his own life to avoid repayment or even go so far as to fake his death?

Something like this happened in Madhya Pradesh's Rajgarh district, where a man faked his own death to evade Rs.1.40 crore in loans. He reportedly sank his car in the Kalisindh River to create the impression that he had died.

But the rescue mission failed to trace his body. Finally, when he was traced to Maharashtra, he confessed that he did this to get the loans waived off based on proof of death.

This is quite a bizarre and unusual case. This teaches us a number of money lessons.

I. Loans up to a certain threshold: It is not advisable to take a loan beyond...