Quote from: KingsDen on August 22, 2024, 03:40:12 PM

Which country do you come from and what is the loan policy there like. Do people actually take loans without repaying? If yes, what will happen to their collateral? I was thinking you'll say that they should get a lawyer, but I was surprised when you said they should get an accountant. What will an accountant do here?

Loans are used by millionaires to become billionaires. If you are advised by financial experts, you will understand the idea of getting a loan. Please don't near the lending board with this your ideology.

The accountant will help Op to draft how's going to spend the money without repaying back, perhaps! Grin

It's simple, Op has no single idea about economy and finance per se and that's why he said banks print money out of tin air and encourage people to borrow without making repayment. Even getting a lawyer can not save someone from repaying a loan unless the lawyer is ready to be responsible.

Banks are not the only institution that offers loan to people, there are individuals who engage in such service and you not paying back simply mean you are killing another person's source of income to start your own. Fortunately, lenders in the forum are not foolish to grant loan to newbie accounts. With this mentality, here's an example of those who'll not pay back their loan.