Tag: banks

There Is A Loan, But There Isn’t Any Money. What Should You Do

Some people, after taking out a loan, do not even consider the issue, “what should I do if I can’t pay?” This does not appear to be possible. Mortgage borrowers by law have the right to temporarily reduce or stop loan payments if they are in a difficult life situation. Agree with the bank Even […]

How banks sustain the economy

Banks are so-called financial intermediaries. They form the interface between investors and businesses. They collect the deposits of the capital providers and issue money in the form of loans to borrowers. Investors include, for example, private households who invest part of their money in the bank for profit, but also companies or the state. Likewise, […]