If you understand something about banks, you may notice that they have a few common traits:
1. When you least think of them, they contact you most (with cold calls).
2. When you don’t want to see them, they want to reach you (to collect outstanding loan).
3. When you need them the least, they want to lend you the most.
4. When you need them the most, they want to lend you the least.
I once received a call from a bank representative.
Bank: Is this Ms xxxx? I am calling from xxxx bank. To reward our loyal customers, we are offering a $15,000 personal loan to you at a special rate of …
Me: No, thank you. I don’t need to borrow money.
Bank: Why not? The interest rate is low.
Me: I have enough cash. I don’t need to borrow money.
Bank: But you can keep your ......