Consumer credit is a one-time loan that can be applied for in a few hundred, up to tens of thousands of dollars. As the name implies, this loan is intended for consumption and is often sought for larger purchases, such as a new car or home improvement. Consumer credit You can also apply for a…
Foreclosure rates have more than quadrupled from 2005 to 2010 since the subprime mortgage crisis affected every neighborhood, suburb, and urban area in America. In 2010, the number of loans in foreclosure increased to 4, 6% according to the US Census, as millions of homeowners across the country faced huge levels of negative equity and…
When buying real estate on credit, the bank generally requires a guarantee to protect itself in case of impossibility of repayment of the monthly payments. Banks guard against the risk of insolvency of borrowers by taking collateral. If the borrower does not honor his repayments, this device will allow for example the lender to sell…
We have always understood that in order to have some liquidity in our routine tasks, we have to go to our usual banking entity through a process of physical, psychological and monetary evaluation by the director of the same. About bank loans These types of loans are those that are requested with different objectives, be…