It has been pretty a long time since the private loan came out to our society. Some of them are from Japanese capital, some of them are from Korean’s. With the allowance to bring these kinds of companies here, there are lots of problems coming out at the same time.
Obviously, most of the poor people and the low credit people are the main customer’s for them. It is not big a deal that they are loan from these kinds of companies. The problems are brought when it comes to ridiculously high interests that they have to pay. Still, I hardly think that they are able to pay all the interests and the money that they borrowed. It is not reasonable interest at the first place, and it seems to me that the system of the private loan is not made for borrows to pay their debts. It is so high that they can’t even afford to their interests. Some of companies hires some gangsters to threat the people who has not made their deadline to pay their money. It is illegal in this country. However, it seems that people who have been threatened by gangsters cannot make a call for the police because they also illegally did not pay the money on time.
The banks are the part of causes that they made their loan procedures so difficult that normal people would find it complicated and frustrated from borrowing money of major ones. I know there is an easier procedure for the low income citizens. This found out to be not enough for everybody who wants some loan. Maybe this could work when the government make more flexible but accurate for their payment.
Yes, I think so, too. We need more flexible loan system for citizens. We can't depend on private loans.. We need the strong government's solution to solve this problem.
답글삭제If someone who is a student and want to start a business trys to borrow a money from commercial bank, it will be really difficult. Because he or she doesn't have enough credit rate for borrowing the money. So he has to borrow the money from private bank. Therefore, the Government should seek for solution to solve this situation.
답글삭제I agree with you, If you read my rcent blogs, I mentioned some hazards of borrowing money from loan sharks. I feel that the government should set up loan policies for people with low income and take severe measures in order to prevent such happenings
답글삭제I agree with you. and they might use their violence against dabtor. police have to take action to prevent that happeneng in advance.
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