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Can you repay a loan with a loan?

Binance

Cryptocoins Exchanges / Binance 140 Views

I took a loan in USDT by using ETH as collateral and then bought ETH again.

My question is: Can I take another loan in USDT to repay the first one? This way I can decrease the LTV and extend the period.

Thanks in advance

submitted by /u/eriskendaj
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