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Factors to consider before granting loan
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[QUOTE="Etini, post: 274818, member: 90141"] Getting a loan puts a person under lots of pressure. You won't be able to sleep and rest. You would be stretched to overwork just to meet up with the loan repayment. I think only mega businesses should consider getting loans. Those ones have collateral that they can forfeit. And most of these loan agencies don't do their KYC well. Some marketers are only interested in the commission they would earn. I once took a loan that I was not supposed to be given. The marketer was just interested in her commission, so she wrote a favorable report for me and they disbursed the funds. I struggled to pay back. I did finish. As I speak to you though, that company is no longer in existence. Loan companies should undertake due diligence to minimize the risk of incurring bad loans. Let the person show that he/she has sufficient means to payback. [/QUOTE]
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Factors to consider before granting loan
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