Loan Contract Signing Process
Summary
Banks do not endorse loan contracts without your knowledge. They evaluate your creditworthiness, approve the loan, and disburse funds based on your financial situation. Banks do not use Social Security accounts to provide loans; they lend from customer deposits and other sources. If you have specific concerns about a loan, consult a financial advisor or attorney.Full Conversation
well I know the banks do not loan their assets by law they are not able to loan out their own assets, so what are they loaning me if I am the one giving them my account number to retrieve the credit from the Social security trust
Banks do not lend money from the Social Security trust or use your Social Security account to provide loans. They typically lend the deposits from their customers and other sources of funds.
Do you have any specific concerns or issues with a loan you've taken recently?