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Factors to consider before granting loan
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[QUOTE="Augusta, post: 274882, member: 25283"] All your points are valid if you want to be a creditor that will not have issues getting your money from debtors then you should always take some points into consideration before lending out your money. The thing is that people are always eager to get loans or money from people but paying back is always the issue, so you the creditor must take up some principles so that your money will be paid back on time As you have stated we should always look at the credibility of the debtor if he or she is one person and that doesn't pay back other people's loan then it wouldn't make sense to lend such a person money. aand again it is really good to find out how the debtor intends to pay back which is very important that the person have an asset or a collateral that you can sell to get back your money. [/QUOTE]
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