|
Banks operate by giving out loans as their main income. You may also see companies such as Western Union giving out payday loans of $100 with $20 interest. The government is known for giving out student loans, business loans and other kind of loans. American dollars can be used for repayment for public and private loans. It's easy to give out a loan, and the only issue is whether a person is trustworthy to give back the loan. Many times, the lender likes to take some collateral (such as gold or a watch) when giving out the loan.
|