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Factors to consider before granting loan
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[QUOTE="CALVINDOL, post: 274817, member: 43757"] There are so many reasons and situations that could make an individual demand a loan as a financial assistance possibly from another or from a financial institution. Personally there are so many things an individual need to put into proper cross check in order to be sure or in order to increase his or her chances of being granted the loan in which he or she intends to ask for. The financial institution or the individual going to be the lender or the borrower is also going to make his or her own findings on the individual who he or she is giving the loan to. One of the reasons why bad and irrecoverable debts usually occur, is possibly because both the borrowee and the lender of the loan were absolutely ineffective in carrying out their findings which would have determined how possible the loan is to be recovered and to be paid in due time. You have possibly mentioned all what are financial institutions should put into proper consideration when trying to issue a loan to a particular individual who possibly may need it for personal purposes of a business purposes. [/QUOTE]
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Factors to consider before granting loan
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