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Why should I be aware if a bank ask me for money to secure my loan? |
Why should I be aware if a bank ask me for money to secure my loan? maybe they are asking you to secure the loan with collateral and in this case your savings account is it . Source(s): VP CONSUMER LOANS NAT CITES BANK If your bank is charging you fees up front to process your loan,then i would say sign up at another bank. Most financial institutions do not charge service fees on loans,,they make their money by the interest they charge on your loan. |
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