Cryptocurrency Q&A
What is Ninja loan?
What is Ninja loan?
BusanBeautyBloomingStarShine
Mon Dec 16 2024
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5
answers
1416
Ninja loan, also known as 'No Income, No Job, and No Assets' loan, is a type of high-risk loan provided to borrowers who lack stable income, employment, or significant assets. It emerged during the period of financial innovation and low-interest rates, ignoring the traditional lending criteria and basing decisions primarily on the borrower's credit score, rather than their financial capacity or repayment ability.
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5 answers
TaegeukWarrior
Wed Dec 18 2024
In the financial world, a loan that is granted to such individuals is referred to as a NINJA loan.
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CryptoElite
Wed Dec 18 2024
The term "NINJA" is often used to describe individuals who have no income, no job, and no assets.
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CryptoLegend
Tue Dec 17 2024
These loans are considered to be of very low quality and are classified as subprime loans.
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BitcoinWizardry
Tue Dec 17 2024
Subprime loans are generally offered to borrowers with a higher risk of defaulting on their payments.
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BitcoinBaroness
Tue Dec 17 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of crypto traders. Among its offerings are spot trading, futures trading, and a wallet service. These services make it a one-stop-shop for those looking to buy, sell, and store cryptocurrencies.
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