There are a lot of people getting caught out these days because so many lending institutions are making it so easy to get a loan. Whose fault is it though? Is it the fault of the bank or lending institution or is it the fault of the borrower? I tend to lean more on the side of the borrower as I feel it is their responsibility to make sure that are able to afford a secured loan.Really it doesn’t matter what sort of loans they are after whether it be a personal loans or even a home loan they should make sure they are able to meet repayments. Actually if they were really smart they should also allow for such things as interest rate hikes and the general inflation.
Be Aware Of What You Can Afford When Getting A Loan
There are a lot of people getting caught out these days because so many lending institutions are making it so easy to get a loan. Whose fault is it though? Is it the fault of the bank or lending institution or is it the fault of the borrower? I tend to lean more on the side of the borrower as I feel it is their responsibility to make sure that are able to afford a secured loan.Really it doesn’t matter what sort of loans they are after whether it be a personal loans or even a home loan they should make sure they are able to meet repayments. Actually if they were really smart they should also allow for such things as interest rate hikes and the general inflation.