Who can issue a Demand Loan?
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waldo
Apprentice
Joined: 19 Dec 2006
Posts: 1
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 Posted: 10/02/08 - 04:45 Post subject: |
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| Are there any restrictions in who can give out Demand Loan? I was thinking that all kinds of financial institutions can do this, but I guess that I was wrong, but I should have known better right from the start. When they want to take money away from you they do it and when they are suppose to be giving you some money, then they are not doing this at all. |
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lucian
Apprentice
Joined: 02 Nov 2007
Posts: 1
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| Posted: 10/17/08 - 03:15 Post subject: |
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| It is always like that and I don’t know why you seem so surprised about this all. I think that it is very common that things are like that and that you should expect to give away more then you can get when you get involved in any kind of loan. This is something that only desperate people take and you are probably one of them if you took out a loan. I hope that you know what you are doing, because I know a lot of people who took loan and now they don’t now what they can do with it and how they can repay all that they took. I hope that this is something that you can deal with. |
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malchy
Apprentice
Joined: 15 Jan 2007
Posts: 1
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| Posted: 11/01/08 - 01:45 Post subject: |
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| I think that only banks can be giving out demand loans. I think that no other kind of financial institutions are able to give out loans like this one, because you already know that this is a loan that has no fixed maturity date and no matter that some people like this, the fact remains that this is something that is not good at all and you can get in a lot of trouble because there is no fixed date and you might be asked or better said demanded to repay everything a lot sooner then you expected that you will have to. This can be a huge problem if you don’t have a back up plan. |
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