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Since ancient times, every loan has involved two parties - a borrower and a lender. In this episode, we will examine the mindset of both parties. Why would cabbies making $30,000 a year even contemplate taking on a $700,000 loan? And why would finance firms consider loaning such large amounts to cabbies? In this episode, we will reveal where finance firms obtained the money to make the loans. We will show how powerful voices eroded away the fears of the cabbies. And we will show how the finance firms presented cabbies with a "Deal That Was Too Good To Be True!"
By Juny SridharaSince ancient times, every loan has involved two parties - a borrower and a lender. In this episode, we will examine the mindset of both parties. Why would cabbies making $30,000 a year even contemplate taking on a $700,000 loan? And why would finance firms consider loaning such large amounts to cabbies? In this episode, we will reveal where finance firms obtained the money to make the loans. We will show how powerful voices eroded away the fears of the cabbies. And we will show how the finance firms presented cabbies with a "Deal That Was Too Good To Be True!"