I have been in banking nearly 30 years, and never heard of a legitimate customer getting "crowded out" (not getting a loan) because the Bank bought "some other deal" that was fraudulent. Never, even remotely.
Banks do not intentionally buy fraud paper, but know that some slip through -- that is just a cost of doing business.
I have been in banking nearly 30 years, and never heard of a legitimate customer getting "crowded out" (not getting a loan) because the Bank bought "some other deal" that was fraudulent. Never, even remotely.
Banks do not intentionally buy fraud paper, but know that some slip through -- that is just a cost of doing business.
And banks always have more cash than they have people to lend to. (until they go belly up or whatever, of course)
I have been in banking nearly 30 years, and never heard of a legitimate customer getting "crowded out" (not getting a loan) because the Bank bought "some other deal" that was fraudulent. Never, even remotely.
Banks do not intentionally buy fraud paper, but know that some slip through -- that is just a cost of doing business.
And banks always have more cash than they have people to lend to. (until they go belly up or whatever, of course)