The idea of a bad loan workout is not to imply all bad loans are bad. It is to say that it is a big problem and that there are so many bad loans out there in the market.
In this trailer, we will use the word “bad” as a noun, literally “bad” as the noun. That is, we will go back and forth, and make sure we aren’t going to miss a few points of the trailer so as not to ruin the trailer.
A bad loan workout is simply bad loan workout. This is an important reminder that there is a lot of bad loans out there, and it is not just a single bad loan that makes your loan workout a bad one. We are often used to thinking bad loans have to be bad because of their lack of a clear, concise, and simple description. That is not always true.
The fact is that bad loans are bad loans, and this is good news, because bad loans are a lot more common than they are often thought to be, and are a significant cause of debt.
My biggest complaint about a bad loan is that they mean no harm to you. They mean no harm to your business. You could be in financial trouble for some days and get your mortgage on a big piece of land or something in a couple of months. But if you have a bad loan, it will come back up.
In a sense it’s like a loan workout. For example, if your credit score is not great, you could get a loan for $60,000 at a 1.3% interest and pay it off in a month, and then a month later, your credit score is great again. And that’s why they’re called bad loans, because they’re so common. When I was in school, I was getting my first loan with a 3% interest.
That same 3 interest is also referred to as a “low loan.” But the point is that if you’ve gotten a bad loan, this is a good opportunity to refinance that loan back into a higher interest rate. When credit scores fell below 700, my 1 to 3 1.3 loans would go for more than the 60,000 that I got on a 3 interest loan.
But why would lenders put loans with high interest rates into the loan workout? Because it’s so easy for them to charge more than the interest rate on a negative loan. The lenders know that they can make up as much as the interest rate on a negative loan with the high interest rate on a positive loan. With the loan workout, lenders see that they can charge the same as a positive loan, and then make up the difference with a higher interest rate.
But the good news is that this time I was told to “go ahead and get it.” To me it’s really cool. The bad news is that if you don’t get the loan workout, then you can’t go ahead and sign up for a good workout.
I guess that makes sense. But what I mean is, what’s to stop you from signing up for a loan workout that you know you can make up the difference with a higher interest rate? Well the lenders are also not telling you why they’re giving you a loan workout… which makes me think that lenders are also not really sure why they’re giving you a loan workout.
