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Where do I stand with loans.
Comments
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To be a Lloyds 'name' you have to be rich in your own right.
So your income is not set in stone and in fact you could run up unlimited liabilities!
That is of course if you are a Lloyds name.0 -
jonesMUFCforever wrote: »To be a Lloyds 'name' you have to be rich in your own right.
So your income is not set in stone and in fact you could run up unlimited liabilities!
That is of course if you are a Lloyds name.
Not a Lloyds syndicate, another reinsurance market.0 -
What are your liabilities in the event of a major claim against the syndicate?
No insurance is immune from world events or even an act of god.0 -
No bank will give you a loan. You have nothing that any financial institution would constitute as disposable income. Perhaps next time don't loan cash without considering the long term implications of doing so, including rates.
Welcome to the real world.0
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