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Why do banks only give money when you have assets that are as valuable as the loan?

Kevin Sutter

in Student Loans

1 answer

1 answer

Cynthia Baker on July 18, 2018

As a rule, banks do not rely on the fact that the pledge of assets to be equal to the amount of the loan, if you have a good job and the ability of income and good credit history. However, you may ask pledged property if his work is erratic or her credit history is bad. This is because the Bank will have some assurance that, even if you don't win or repayment of the loan have any form of getting money that will put you in the framework of the loan.

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