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why, do you think ,do banks and ther financial institutions offer cash loans to people that did nt apply for it?​

User Temma
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1 Answer

7 votes

Answer:

This is the "pre-approved" loan issuing model.

Step-by-step explanation:

This is a sales/marketing effort, in which access to credit is facilitated by providing potential consumers with a pre-approved offer. Normally, there is some study/intelligence behind (socio-economic and other factors) before people in a certain area would receive these offers. This makes people "believe" that they are closer to getting a loan due to the pre-approved nature of the offer, but this is just to catch their attention and turn this into a "sale" for the bank. Sometimes, people would only consider getting a loan if they already received an offer.

User Jerry Bian
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