Issuing a loan is one of the fastest and most convenient ways to make a large purchase. Especially if it is quite problematic to accumulate your own funds for its acquisition. Therefore, it seems quite logical that the number of potential customers of banks is not decreasing, despite the crisis in the economy. It is […]
The most well-known reasons for refusing a bank loan are the borrower’s lack of income to service the loan, insufficient collateral, inconsistency between the stated and real objectives of the loan, poor credit history of the company, etc. But besides them there may be others, much less obvious. And it is useful for the borrower […]
The main difference is that loans are issued by banks, and payday loans are issued by legal entities with the appropriate license. The bank issuing the loan is a large financial institution that “works” with money in general. The bank is interested in a person’s income, his credit history, and guarantors. Payday lenders are almost […]