If that’s a 25 year loan (again in simple interest terms) your talking over €200,000 total cost to the lender. Would it not make absolute sense for that lender to write off €100,000
Debt forgiveness, does it make business sense?prosp-user2011-04-13T16:37:49+00:00
The reason is a matter of logistics. When you deposit your money with a bank they do several things with it. Firstly they usually invest in, but secondly they usually use their investment as security for a loan
Where will I stash my cash?prosp-user2010-11-22T08:16:25+00:00