Which of the following is a risk banks should prepare for?
a. falling interest rates
b. borrowers who don't pay back loans
c. too many people requesting loans
d. people switching to online transactions

B. Borrowers who don't pay back loans

Explanation:

Risks of not paying a loan on time

1. Interest and additional fees

     During the first months of delay, the entity will begin charging us delinquent interests that are higher than the common interests, in turn, may add commissions per claim, among other costs that the company assumes when making the claim. The commissions and interests are added to the debt we already had and that is why every day we spend without paying, the amount of the debt will increase, complicating the cancellation of the loan. It is important to say that the entities act under a legal framework that sets a limit to the percentage of default interest that they can charge, if they exceed the cap, they will be considered usurious interests and in that case the client can initiate the pertinent actions to the case.

    2. Legal Actions

    If our debt continues after the first three or six months, the entity in question may initiate actions that lead to the legal claim where lawyers enter into intervention whose fees the debtor must pay. In general, if the debt persists, this process becomes in the seizure of the present and future assets of the credit holder, as well as, will bring consequences to third parties in case it has been presented to another person as a guarantor of loan, if Thus, the entity will ask the guarantor to respond to the debt. Most of the time the bank begins by executing the seizure of bank or salary accounts, but if the balance is insufficient to cancel the debt, the seizure of assets such as a property or a vehicle will proceed. Justice can never garnish the minimum wage, food, clothing or instruments used by the debtor to work.

    3. List of delinquents

    Once the company begins the judicial process to collect the debt, our name will begin to appear on the list of delinquents, that is, our negative credit history will eventually appear in the truth that it is a report about our financial behavior so much commercial as personal. This will complicate access to financing tools in the future. To get out of the truth it is necessary to cancel the debt and wait two years, which is the time that the law stipulates for a debt to cease to appear.

B. Borrowers who don't pay back loans

Explanation:

Risks of not paying a loan on time

1. Interest and additional fees

     During the first months of delay, the entity will begin charging us delinquent interests that are higher than the common interests, in turn, may add commissions per claim, among other costs that the company assumes when making the claim. The commissions and interests are added to the debt we already had and that is why every day we spend without paying, the amount of the debt will increase, complicating the cancellation of the loan. It is important to say that the entities act under a legal framework that sets a limit to the percentage of default interest that they can charge, if they exceed the cap, they will be considered usurious interests and in that case the client can initiate the pertinent actions to the case.

    2. Legal Actions

    If our debt continues after the first three or six months, the entity in question may initiate actions that lead to the legal claim where lawyers enter into intervention whose fees the debtor must pay. In general, if the debt persists, this process becomes in the seizure of the present and future assets of the credit holder, as well as, will bring consequences to third parties in case it has been presented to another person as a guarantor of loan, if Thus, the entity will ask the guarantor to respond to the debt. Most of the time the bank begins by executing the seizure of bank or salary accounts, but if the balance is insufficient to cancel the debt, the seizure of assets such as a property or a vehicle will proceed. Justice can never garnish the minimum wage, food, clothing or instruments used by the debtor to work.

    3. List of delinquents

    Once the company begins the judicial process to collect the debt, our name will begin to appear on the list of delinquents, that is, our negative credit history will eventually appear in the truth that it is a report about our financial behavior so much commercial as personal. This will complicate access to financing tools in the future. To get out of the truth it is necessary to cancel the debt and wait two years, which is the time that the law stipulates for a debt to cease to appear.