March 9, 2019 Harry Harmon

Has your mother never taught you to tear off a patch quickly?? Then it only hurts a moment instead of pulling the pain out. She could have taught you the same about installment and consumer loans. It has become more and more common to borrow money, and where loans used to belong to home and car purchases, it is now used for everything! Mobile phones, computers, clothing, shoes, vacations, training equipment; everything! It is seen as a service that you can split the payment over 12, 24, 36 months. Few people notice the 500-2.000kr. as the “service” costs. The longer…

March 8, 2019 Harry Harmon

Simple loan agreement  A simple loan agreement is a general form of legal document that establishes formal parameters for a loan arrangement between a lender and a borrower. In general, the simple loan agreement can apply to many different types of informal or straightforward lending as opposed to the elaborate, complex documents often prepared by large corporate lenders. Simple loan agreements can reduce legal and administrative costs, make borrowers more aware of what they have signed, and help avoid some specific issues and conflicts over the term of the loan. Some of what defines a simple loan agreement is related…