Does having an overdraft affect getting a mortgage?

24 Mar

An overdraft is a facility that allows you to withdraw money from your account even if you don’t have enough funds to cover the transaction. This can be helpful in an emergency, but it’s important to remember that overdrafts are … Read More »

What does it mean to backstop a loan?

20 Mar

When a company or individual borrows money from a lending institution, they are typically required to provide some sort of collateral to secure the loan. This collateral can be in the form of assets such as real estate or stocks, … Read More »