If the borrowers do not repay a loan, the bank will seize their collateral. Hence, the consequence of not paying a secured loan is simple: you will lose whatever collateral you put up for the loan. Most Regular Singaporeans Take Unsecured Bank Loans It is impractical for a bank to demand secured loans for small sums like S$10,000 or S$20,000.
the impact on American society is that they without migrants America wouldn't be as diverse and my opinion it wouldn't be so free it also created things like China town. We celebrate different cultures and different religions because of immigration
