How to Determine Hardship When Granting a Loan

Hardship policies determine(fast cash advance loans) when a loan can be suspended, modified or forgiven. While people would ideally be able to able to repay their loans as agreed, job loss, medical problems or other situations can keep them from making payments. A clearly defined hardship policy will protect you and your investment in the event of unexpected problems, as well as help the borrower know when to apply(instant cash payday loans) for a change to his loan. When you give a loan, decide what your hardship policy will be before the paperwork is signed.

Source :

Leave a Reply

You must be logged in to post a comment.