QUOTE(UFO-ET @ Mar 18 2013, 05:01 PM)
I was a banker before, how a banker perceive thing is different from normal people, like accountant, their mindset is very much influenced by their job nature, their day in & day out dealing with insolvency, reprocess, auction, defaults in payments, blacklisted and bankruptcy cases, you will tend to hv pessimistic thinking.
I was in-charge of hire purchase and housing loan matters back 17 yrs ago (local bank), almost every month we will hv auction and reprocess cases (car / property), the auction list is full of unwanted property, keep repeating every mth, this will influence our (banker) logic thinking.
But those people are the first pp have the hard data to tell wen bank will increase rate.I was in-charge of hire purchase and housing loan matters back 17 yrs ago (local bank), almost every month we will hv auction and reprocess cases (car / property), the auction list is full of unwanted property, keep repeating every mth, this will influence our (banker) logic thinking.
Bank base on hard data and evaluate the risk, those data are taken from the ground, banker..
This post has been edited by Nikmon: Mar 18 2013, 05:29 PM
Mar 18 2013, 05:27 PM

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