No collateral available for a loan may turn out to be a lot worse than collateral damage. But wise words indeed. Neither a lender nor a borrower be. This from someone who might have had everything. Did he ever take into account those who have pretty much nothing in comparison? Easy for him to talk. Because if he really needed one, he could just as easily snap his fingers. That is how things get done for him.
You will see how they bend over backwards for this king. He does not care a hoot as to why the rich keep on getting richer and the poor keep on getting poorer. Very easy for him to put up the collateral for yet another hostile takeover. But not so easy for others to start up a business with not much to show for to begin with. The collateral loans springfield ma shop needs to look long and hard how it can help out these people.
Conventional instruments of collateral are just simply not available. So what else is left over for them. It is, yes, it is like approaching the local pawnshop dealer for a handout or a helping hand, whichever way you prefer to put it. That’s the harsh reality. That’s how the lending system has always worked. But it is not that bad. It isn’t so harsh anymore. If you are still holding down a steady job with a regular paycheck, that could be used as a form of collateral.
Although some lenders would prefer to refer to these handouts as unsecured loans. It is all quite technical at the end of the day. Perhaps making things even more complicated so that they’ll walk away? These days, never going to happen.