What happens if people stop taking loans from banks?

The banks do not accept deposits to give loans after 10 years. If people stop taking loans, the banks will stop acceptibg deposits. Now banks will have to pay salaries etc. They will start charges more money for banking servicws that they give. read more

The banks do not accept deposits to give loans after 10 years. If people stop taking loans, the banks will stop acceptibg deposits. Now banks will have to pay salaries etc. They will start charges more money for banking servicws that they give. I think the change over will cause some unrest and losses but banks should survive. read more

A personal loan seems like a great way of obtaining much-needed cash when you're in a tough financial situation. The process is fairly straightforward and, as long as you make your monthly payments on time, everything is going to be fine. read more

When your bank loan has collateral -- like a car loan that is backed by your car -- the bank can eventually seize the collateral. The time frame that the lender has to take the collateral varies based on your loan agreement and your state's laws. read more

If people stop taking loans, the banks will stop acceptibg deposits. Now banks will have to pay salaries etc. They will start charges more money for banking servicws that they give. read more

If you have applied for and received a payday loan online, you likely agreed to have the payments automatically withdrawn from your bank account. You have the right to stop the automatic withdrawal before it occurs. You can do so by: notifying the payday lender to stop taking the withdrawals, or; notifying your bank to stop payment on the withdrawal. read more