Please Help, A Friend Wants To Commit Suicide Over Business Debt - Business (2)

Please Help, A Friend Wants To Commit Suicide Over Business Debt - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Please Help, A Friend Wants To Commit Suicide Over Business Debt (2854 Views)

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Re: Please Help, A Friend Wants To Commit Suicide Over Business Debt by silibaba: 1:06am On May 26, 2020

if a man tries and fail, let him rise and try again...........silibaba

Re: Please Help, A Friend Wants To Commit Suicide Over Business Debt by Anwons(m): 10:43pm On Jun 10, 2020

SavageResponse:
Are you saying that a banks bad loans can be recovered from the insurance company?

Where did you hear that rubbish?

Please stop misinforming the public!

In case of death. If they can't recover their loan in case of death, what then is the essence of paying insurance company while processing the loan?

Re: Please Help, A Friend Wants To Commit Suicide Over Business Debt by SavageResponse(m): 11:23am On Jun 11, 2020

Anwons:
In case of death. If they can't recover their loan in case of death, what then is the essence of paying insurance company while processing the loan?

The insurance is a statutory requirement in case the bank fails. It does not cover the death of a bank's debtor!

1 2 Reply

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