Quote:
Originally Posted by Benipete
Beni's Advice To Bankers;
Mortgages - only lend 80% of the property value.
Loans - only lend 80% 0f the security.
Unsecured loans - point client in the direction of the USA.
I'll take a cheque made out to cash - Thanks.  |
In other words, lend only to those who will most probably repay the loan ... that's the way it's done here.