What do you think is the biggest concern of banks when they lend you money? Well, cautious and conservative as they are, what banks fear most is that you wont be able to pay back the loan. It is not so much a question of trust, if you try to get away from them, they?ll hire a debt collection agency or have you called up before a court. What they fear is simply that you will not be able to pay them back, even though you want to.
Looking at it from their point of view it makes sense. Every day they hand out a massive amount of money to total strangers. Each mortgage alone averages over hundred thousand pounds. That?s a lot of your money to simply hand over. So what banks do is they get security. This means that even if things go wrong for you, they will probably st View the rest of this article
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