What’s the strangest reason you’ve heard for taking out a personal loan?
stellaalannah asked:
I’m looking for the strangest reasons that someone might need to take out money using a personal loan.
Maybe they want to make augmentations to their body!? Maybe they want to go on a Thai cookery course in Bangcok?
I’m looking for the strangest reasons that someone might need to take out money using a personal loan.
Maybe they want to make augmentations to their body!? Maybe they want to go on a Thai cookery course in Bangcok?
Anything a bit out of the ordinary.
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Tags: Cookery Course, Money Loan, Personal Loan
February 28th, 2009 at 1:45 am
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the strangest and most STUPID reason wasto pay a loan Off !
March 1st, 2009 at 5:53 pm
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I took a personal loan coz I’d run out of money to renew my expired passport! It was a very small sum of money, so I had to include couple of other expenses in, just to make it up to a loanable amount. Can still remember that *disgusted* look the loan executive gave me!
March 1st, 2009 at 5:59 pm
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I have been a bank examiner and also a consultant to the banking industry. Anything you can image I have seen. This includes mortgages on strip clubs and hourly motels, the President of the bank told me that the occupancy of the motel was over 100%! Funeral homes borrow money to buy hearses, you know. A former client had a $1 million dollar loan on a Ferrari (I think) which had won LeMans. Imagine my surprise to find a $1 million loan in the automobile portfolio! In rural areas borrowing on crop and livestock collateral is common. I remember a bank which made a loan secured by bull semen, I kid you not.
Some of the saddest ones I remember were applications for loans to pay for funeral expenses. I remember one bank in Appalachia with a $100 loan to a woman to buy a dress to go to her daughter’s funeral.