Bank loans and securities.

[pawel7777]

I don’t know where you are but in North America you have a credit profile. Pay your bills on time and you have a higher credit score. With a higher credit score it’s easier to gets loans for less interest and more balance.

Some loans have collateral like a house or cars. However there are some like credit cards which don’t. For a small loan like yours there shouldn’t be any collateral really. However it might be different where you are located.

Just curious, do they offer credit cards to people without any income in US? Sure, normally (in the UK/Europe) you wouldn't need any collateral for a loan of few thousands, but you'd need at least to have some sort of income to pay that off and if you don't have such, you'd probably need a guarantor (usually parents). From OP's post I sense that he might be a student without any income or freshly out of college.

[1715219383]

1715219383

[harapan]

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

If that bank gives that amount of loans to everybody that comes to them with a school certificate I bet you wouldn't have seen them to even ask for a loan because they would have closed down by now. Some banks do give non collateral loans but it depends on their policies.
The banks are there to make money, its not an NGO and most definitely not a charitable organization.
The collateral banks ask for are not things that are of value to you, they are things that are of monetary value in the market and would not lose its value easily so they can use it to recoup their money if you are unable to pay back the loan.

In some countries the government let young certificate holders access loans and use their certificates are collateral , I don't know if it's the government that gives these loans or the banks themselves but I do know that its always relatively a small sum of money.

[Lanatsa]

I don’t know where you are but in North America you have a credit profile. Pay your bills on time and you have a higher credit score. With a higher credit score it’s easier to gets loans for less interest and more balance.

Some loans have collateral like a house or cars. However there are some like credit cards which don’t. For a small loan like yours there shouldn’t be any collateral really. However it might be different where you are located.

Just curious, do they offer credit cards to people without any income in US? Sure, normally (in the UK/Europe) you wouldn't need any collateral for a loan of few thousands, but you'd need at least to have some sort of income to pay that off and if you don't have such, you'd probably need a guarantor (usually parents). From OP's post I sense that he might be a student without any income or freshly out of college.

Every country and banking system and terms could really differ into each country since here in our country on the time you do take or request for some loan then there's no such thing about having that guarantor
or your parents would be your main back up or something that could really assure that you could pay up the loan.They would really be asking on what your income source and if they arent that get convinced
about that stuff then for sure you would be declined.Come to think off that even people who does have a job like Policeman, or Seaman doesnt really get that loan approval
because their jobs or occupation arent fit into their criteria which you would really be boggling up your mind considering that these people are really that earning decent.

[|MINER|]

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

If the banks give loans without valid collateral, then surely dishonest people will want to take advantage of it and the end result of that bank will be like what is happpend with the banks of America and Europe. And I don't understand how a school certificate can be a loan security. I think you brought the wrong topic to the wrong place. So I think for the safe of bank and the fund of people who are the users of banks I think the requirements given for giving the loan are all correct. And also think that if you have to ask for money with this certificate then go for companies to get job with these certificates not for loan in bank.

[Bushdark]

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

Oh this is very funny and bank will never give out want they know they will not get back from there client. They have rule and procedures you must follow. There standard must be meant or else you are not going to get the kind of loan you are looking for. We need to be very careful with bank loans if not we can get stucked and lose our greatest treasures. I have seen someone that uses his house to get a loan and when the bank noticed that he was not able to pay back the loan, they seize the house and left home with nothing.

[pawel7777]

Just curious, do they offer credit cards to people without any income in US? Sure, normally (in the UK/Europe) you wouldn't need any collateral for a loan of few thousands, but you'd need at least to have some sort of income to pay that off and if you don't have such, you'd probably need a guarantor (usually parents). From OP's post I sense that he might be a student without any income or freshly out of college.

Every country and banking system and terms could really differ into each country since here in our country on the time you do take or request for some loan then there's no such thing about having that guarantor
or your parents would be your main back up or something that could really assure that you could pay up the loan.They would really be asking on what your income source and if they arent that get convinced
about that stuff then for sure you would be declined.Come to think off that even people who does have a job like Policeman, or Seaman doesnt really get that loan approval
because their jobs or occupation arent fit into their criteria which you would really be boggling up your mind considering that these people are really that earning decent.

Sure, you wouldn't really need a guarantor if you have a solid source of income, sufficient for regular repayments. But when you don't have any source of income, or you're freshly employed or self-employed and there's a doubt if you'll be receiving income regularly - then it pretty much boils down to loan request being declined or to bank asking for some extra-security, usually in a form of the guarantor.
The only scenario I could think of when bank would be willing to offer an unsecured loan to an individual with no income, is when the amount is relatively small and when it is very hard for such person to declare bankruptcy.

[Silberman]

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

Oh this is very funny and bank will never give out want they know they will not get back from there client. They have rule and procedures you must follow. There standard must be meant or else you are not going to get the kind of loan you are looking for. We need to be very careful with bank loans if not we can get stucked and lose our greatest treasures. I have seen someone that uses his house to get a loan and when the bank noticed that he was not able to pay back the loan, they seize the house and left home with nothing.

Just as those scenes were very common during the 2008 subprime mortgage crisis at the US, I think this is something that we could see again, after all many of the causes for the crisis back then were never corrected and now banks and other private businesses have taken even greater risks, governments are more indebted than ever, while they also printed too much money during the pandemic, so anyone that has a mortgage should be incredibly careful as if the economy takes a turn for the worse it would not surprise me if many people lost their house during the upcoming crisis.

[adzino]

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

Of course banks are quite strict when it comes to giving out loans, and they usually require some kind of collateral, like land, property or something that has value and can be liquidated quickly, to make sure they're covered if you can't pay back the loan. But they keep and use our money without giving us any collateral....
Your education certificates doesn't have the same value as physical assets. In fact it has zero value, those are just piece of paper that you can replace anytime. They will never lend you money against that, because certificates can't be converted to cash if you default on the loan.

[Pujangga]

Bank loans are really needed for economic development, without bank loans it seems difficult to make a business grow, and if we look at the current facts that many companies or businesses are very dependent on bank loans, I have worked in several companies and all companies where I work taking a loan and paying higher interest than for employee salaries.

[fullhdpixel]

Bank loans are really needed for economic development, without bank loans it seems difficult to make a business grow, and if we look at the current facts that many companies or businesses are very dependent on bank loans, I have worked in several companies and all companies where I work taking a loan and paying higher interest than for employee salaries.

What you are saying is true because this is what I noticed too. It's sad to know that employee's salary are low but we must still be thankful because if those companies didn't pay interest or took a loan, we won't also be there on their company working because they will never build or make their company grow.

There is nothing wrong with the bank loans as long as we have the ability to pay them. My family are not a company but we also took a loan because we are struggling financially. We are thankful that there are these loaning companies who allow us to borrow money to survive. My views towards them have changed because before I think they are bad and are only taking advantage of the poor.

[MoonOfLife]

I don’t know where you are but in North America you have a credit profile. Pay your bills on time and you have a higher credit score. With a higher credit score it’s easier to gets loans for less interest and more balance.

Some loans have collateral like a house or cars. However there are some like credit cards which don’t. For a small loan like yours there shouldn’t be any collateral really. However it might be different where you are located.

Just curious, do they offer credit cards to people without any income in US? Sure, normally (in the UK/Europe) you wouldn't need any collateral for a loan of few thousands, but you'd need at least to have some sort of income to pay that off and if you don't have such, you'd probably need a guarantor (usually parents). From OP's post I sense that he might be a student without any income or freshly out of college.

He is a student because he says degrees are not valued more than other collateral. I guess he had a simple mindset that the bank or the government would help him if he were in trouble. But life is not as we dream, to be able to borrow money from the government, we must at least have collateral corresponding to the value.

[ancafe]

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

I don't know which area you live in, but in my country there are loans sourced from banks for civil servants (CPNS), you only need an appointment letter to access these loans, banks have the qualifications to issue loans to anyone, without documents as collateral reinforcement of course they will not provide loans.

That is why loans are not easy to get, unless you try to take a loan outside the bank, but the risk is much greater because the return will refer to the multiple of taking, avoiding loans is much better and even if you really need one.

[Paul Pogba]

Banks benefit from consumers' savings which are then used to provide credit to the public, banks provide interest of 10% per year while banks can earn interest of more than 40% per year if consumers take auto loans. Of course this is not fair, so it is time for us to open our minds to make banks a place to store money.

[panganib999]

From a business standpoint, where most of these financial institutions sit nicely in, this is just understandable. Picture this, someone wants to take a loan from you, you don't know the guy, so you're asking for a collateral in case he defaults from his promise to pay, only for him to say "hey, I don't have anything on me right now, but I have this ID you can hold on to as a proof that I can pay!" That doesn't make sense right? So as bad as this may sound and feel for you, the bank has all the liberties to decline your loan request if you don't pass to their standards. That's just the way things go.

In any case, if you yourself don't got anything to present, why even take out a loan of that amount? That doesn't make sense to me, how would you pay for it?

[ethereumhunter]

If you want to borrow money from a bank, you must have collateral that can support your loan because if you cannot pay off the loan, the bank can use your guarantee to cover the underpayment. That's why banks need housing documents and certificates with more value than your loan or others. You cannot use your school certificate as collateral because it is considered to have no value even if you attend a well-known school.

[19Nov16]

A bank loan is a tool that makes it easy for us to open a business or develop, as long as we can properly control the bank loan, we will be successful and not bother with fines or penalties for late paying instalments, so think logically before making a loan to a bank, because if we fail to pay then our reputation will be damaged and of course we can lose assets when they become collateral in banks.

[GeorgeJohn]

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

In normal circumstances bank have procedures and the procedures of bank can't be changed because of one person in terms of loan, a collateral comes with a landed properties or asset, if you are requesting for loan in bank, presenting certificate can't guarantee you such value of funds demanded, we have students loan and its obvious that students loan will not be up to such values of funds. Actually in this present era certificate is valuable but in some extent it doesn't use for collateral,  should incase it happened to be manipulated and use for bank loan.
 

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

It's people who save in bank are the one making mortgages to trade with our money,  actually they like to give loan to people they know that will pay more interest for a loan given. Sometimes I believe that those real estate is own by some banks managers who trade with people's funds in the bank, it can be truth or not, because if you don't present a mega landed properties to bank they find it difficult to loan a low level individual or average individual.

[gaston castano]

I think it's like that, the guarantee you offer must be real or have value, if it's just an educational certificate it seems the bank doesn't like it.
and it seems that for every asset that you will offer, maybe the bank will only lend under 50% of the total assets.

[Inwestour]

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

Banks have regulations according to which they work, they must be sure that you have property that could serve as collateral. If you have nothing, then for them this means that you will be an insolvent client, and it is clear that without this they will not give you a loan.

And at what annual interest would you like to take a loan? I have always avoided credits because it is very unprofitable, we have to give the bank too much for using the money. Instead, I make savings so I can use this money when I need it.

[Adbitco]

I think that is normal, even in the forum you can't just get a loan without being a reputable member. Banks are doing works to make sure people funds are secure reason being that they uses their customers funds to loan out and before that would happened they need any other trusted and high worthing assets or landed property before they could release such amount of money to you, how do you want to convince them that your school is original and even as that no one would offer to buy your certificate if you couldn't meet up your loan payment.