If you have
big cash requirement, instead of taking a personal loan you should consider an option of loan against property.
Not exact matches
If you make the stimulus check non-fungible via some kind of expiry or the
requirement to only hold in
cash youre going to run into some
big problems.
The
bigger the amount of reserves (at a given reserve
requirement), the
bigger the amount of loans and deposits that can be supported, thus a withdrawal of
cash has a «reverse leverage» effect, while a
cash deposit has the opposite effect.
The Great Depression happened because after the 1929 stock market crash, which was brought about by a combination of radical margin
requirement tightening in the days preceding it, an increase in interest rates that further dried up the
cash that was being used to buy stocks, reaction to the floor vote reporting on the Smoot - Hawley tariff bill (which made it clear it would pass), and a concerted selling / manipulation effort by Wall Street's
biggest players, the economy was in shock.
Besides its $ 150 sign - up bonus (same
requirements as the Chase Freedom Unlimited), its
biggest selling point is its
cash back rate of 5 % on select categories of purchases which rotate quarterly, and 1 % back on everything outside of those categories.
Lower home values, stricter lending
requirements for home equity, and homeowners» desire to pay down their mortgages caused the
big jump in
cash - in refinancing, according to Freddie Mac.
Those tougher credit and
cash requirements are a
big reason why VA loans are more popular than ever.