Analyse 2 possible disadvantages of taking a loan out of a bank (worth 8 marks)
2007-10-14 04:44:10 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
1, they want the money back, 2, they want the money back with interest
2007-10-14 04:47:41 · answer #1 · answered by Anonymous · 0⤊ 0⤋
1. You have to pay it back.
2. You have to deal with a bank.
2007-10-14 04:48:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
1. banks tend to be very rigid with their rules because of all the state and federal regulations that apply to banking.
2. banks have become these stone walled institutions that are not flexible in their policies because of their size and success.
2007-10-14 04:55:38 · answer #3 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
1. they want interest in wich case saving up for it earns interest.
2. you tie yourself for years to one bank, if you save up for it you can change the bank for another one, in benefit of better rates and probably a welcome present. ;-)
2007-10-14 04:51:35 · answer #4 · answered by tower2bridge 2 · 0⤊ 0⤋