Alexandoy
VIP Contributor
In this era of pandemic so many have lost their jobs and many companies have closed due to the implementation of the protocols. The government have given financial aid but so little like the jobless are beggars that deserve alms.
Now this question about those people who lost their jobs and have loans to be paid? Some banks have waived the penalties for the house mortgage because they fully understand that situation. Fortunately most of their borrowers have been paying. The hardest hit here are the small laborers. Most have bought a motorcycle for their own transportation in going to work. Now those motorcycles are repossessed because the owners couldn’t pay the installment anymore. Some were sold at a cheap price and the buyer will handle the installments. It is sad if you have a loan and calamity comes.
Now this question about those people who lost their jobs and have loans to be paid? Some banks have waived the penalties for the house mortgage because they fully understand that situation. Fortunately most of their borrowers have been paying. The hardest hit here are the small laborers. Most have bought a motorcycle for their own transportation in going to work. Now those motorcycles are repossessed because the owners couldn’t pay the installment anymore. Some were sold at a cheap price and the buyer will handle the installments. It is sad if you have a loan and calamity comes.