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02 Apr 20
10:27
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Date Joined:
26 Jan 05
The Treasury insisted on Wednesday that "hundred" of loans had been issued.
"Hundreds of these loans have gone out.Different banks work in different ways,but cash has very much gone out of the door" a spokesman said.
But lenders have come under heavy criticism amid claims of unfair lending tactics with some demanding personal guarantees from business owners and others seeking to apply high interest rates once the interest rate-free initial period ends.
"Hundreds of these loans have gone out.Different banks work in different ways,but cash has very much gone out of the door" a spokesman said.
But lenders have come under heavy criticism amid claims of unfair lending tactics with some demanding personal guarantees from business owners and others seeking to apply high interest rates once the interest rate-free initial period ends.
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Think Greece when the EU came a calling and when they couldn't pay back the loan plus interest the EU took away everything worth having.
Now put yourself in the place if you were thinking of getting a loan.If you cant pay them back they will take everything.
Now put yourself in the place if you were thinking of getting a loan.If you cant pay them back they will take everything.
Why would someone take a loan risking all their other assets to keep their business going that might not be able to be restarted for months or even a year?
Yes I can see that.
Still firmly believe this era is a further transference of wealth.
Failed Businesses will be picked up for pennies.
Failed Businesses will be picked up for pennies.
Banksters win again,well would you adam and eve it.
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