Since most of the business men are relying on bank loans for the growth of their businesses, they are facing a lot of challenges of which most of them have tried to say them out but they don’t know where to report exactly and some of their voices are not considered or their cases are not heard and given attention to.
Most of the people are falling victims of the bank fraud that is done everyday on most of the peoples accounts and all this can be solved by being so attentive and straight to the point in case of any suspected fraud case.
Bank officials spearhead most of the bank theft cases, like doing unapproved transfers from the client or making them sign for more amounts of money compared to what they had intended to withdrawal or apply for as a loan.
Most of the bank officials are using our ignorance as our weakness to make us suffer with the loan payments for their selfish reasons. Most of the banks have a tendency of charging high interests from the clients and get their pledged security properties sold even before the loan period is done.
It is advised that everyone should always read to understand the documents provided to them for signing and if one doesn’t know how to read, one should find a trusted person who can read and explain each and every statement.
The bank always provides an offer letter which is an agreement between the client and the bank, and it outlines the money provided as a loan, the security for the loan, loan payment schedule, interest and principal amount. This should be given much attention and time for revising.
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Sometimes people receive messages to have gotten money on their accounts and without knowing the reason to why money was deposited on their accounts and some of them, they immediately withdraw that money, yet these cash deposits are usually loans processed by the bank officials themselves with the aim of sharing
interests or commission from these transactions .
It’s very good that someone contacts the bank officers to understand why the money was deposited on his or her accounts.
Bank officials sell clients properties, which is illegal because the client has all the rights to get the buyer of their properties that they presented as security for the loan. Bank officials are not licensed to sell the clients security without their consent.
Always take things serious and read every bank document given to you by its officials.
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