March 28, 2020

Credit risk what is it? – Many people think of a loan

Credit risk, what is it? Life is often unpredictable. Sometimes small events are enough to give everything a completely new direction. Sometimes you cannot manage this new direction with your own resources. When such a situation arises, many people think of a loan. You quickly get a certain amount of money and pay it back in small steps with interest. So clear, so simple, so sure. You think in most cases. But the credit risk should never be underestimated. If for some unpredictable reason you cannot repay the money, you will quickly find yourself in a debt trap. Therefore, thorough consideration is called for beforehand. kavelin.net for more. Does the…