Are simple loans safe?
They are accredited with the Better Business Bureau, and currently enjoy an A+ rating with the company. At the moment, there are no customer complaints, but they have a 1-star rating based on five customer reviews.
What is the simple loan?
A simple loan refers to a credit market instrument giving the borrower an amount of fund that must be repaid to the lender at the date of maturity along with an extra payment (interest).
What is simple mortgage?
If the mortgagor fails to repay the loan, the lender has the right to sell the property and recover the amount from its sale. This mortgage system is called simple mortgage. In this system, the possession remains with the mortgagor (borrower).