GREY:CRIUF - Post by User
Comment by
deisman03on Apr 05, 2018 1:18pm
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Post# 27837099
RE:RE:RE:RE:i am supporting jcp
RE:RE:RE:RE:i am supporting jcp That won't cut it either. There lenders are fully legal and regulated brokers in North America.
That's one reason the interest rate on their debt isn't higher than it is. Most institutions won't go near unsecured loans in North America. Once corporations/trusts start dealling the hundreds of millions arena, loan sharks are few and far between. It's even difficult for criminal orgs to purchase these units in North America.
As long as they make their payments in a contractual manner all should be well.
REAL BAD JUJU for a lender/broker to try and renege on a loan where all of the contractual obligations are being met.
I have some personal experience with that. My ex wife was having an affair with a high placed loans manager about 30 years ago. The lady she was involved with just happened to be in a very influential position. She wanted a more permanent arrangement and decided to make life at my place more difficult. She put in a call on my demand loan. No reason given.
I had to approach the upper executives of the institution with a lawyer to ask WTH.
HUGE apologies, quick executive replacement and I ended up with a very nice interest rate on my loan as well as all of my legal expenses paid. UNLESS it's written into the loan agreement there are regulations that have to be adhered to by both sides. If one side can't fulfill the obligations of the contract, then the loan can be called. The thing is, when a loan is unsecured WHY would they do it???? Absolutely nothing to be gained, whereas if they stick with the agreement they will get a healthy profit from the interest on the loan.
From what I can tell, the only units that are owned by offshore interests were bought and paid for. None of them were used as collateral for loans.
GLTA the good folks here.