2023-07-10 21:15:25
MEXICO CITY.- Finance expert Carlos Rodiles, an owner of a small loan business, expressed his concern about the difficulties you face when lending money and not receiving the corresponding payment.
Looking for tips to avoid losses and improve his business, Carlos provided a detailed answer that offers valuable information on how provide money safely and guarantee your payment.
How to lend money safely?
Rodiles shared his experiences and knowledge accumulated over the years. He pointed out that there are two main ways to lend money: through personal rights and property rights.
Personal rights refer to loans backed by promissory notesbut cautioned that if a person defaults and legal action is taken, it may be difficult to recover the borrowed money.
That is, if you demand it, and the debtor does not have estateit is difficult for him to pay you and you can lose your money.
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In contrast, rights in rem, such as mortgages and pledges, offer stronger guarantees.
The author explained that through a mortgage on a property or a pledge on movable property, it is possible ensure loan repayment.
In case the person does not pay and is difficult to find, these guarantees ensure that the money borrowed is backed by the value of the real estate or personal property.
Carlos emphasized that mortgage guarantees are widely used by banks for home loans, proving its effectiveness and safety.
As the saying goes, “prevention is better than cure”, and in the world of loans it is no different.
 
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