comment: >
context: This is a friendly reminder to read our rules.
  Remember, /r/Showerthoughts is for showerthoughts, not "thoughts had in the shower!"
  (For an explanation of what a "showerthought" is, please read this page.)
  Rule-breaking posts may result in bans. >
  
  That's not how it works. In reality banks use algorithms to score the risk based on your credit history. They have this dialed into a very precise science. If their scoring model gives them a profitable, based on the risk, product to offer you then they will offer it. 
  Sorry to be too literal but what you said isn't true. If it was banks would go out of business pretty quick. >
  
  No, banks give you money if you can prove that you're able to pay them back on a predetermined schedule. 
  Banks mostly don't care how much money you have when you get the loan, they care if you have enough guaranteed income to cover the obligations (debt bills/payments) you have each month. >
  
  What’s your definition of need? This was written by a teenager who doesn’t know how loans work. >
  
  The think the misconception is that the bank is 'giving' you money. They are loaning you money, and if you can't show that you can pay it back on a regimented schedule, they won't. >
  
  Nope. Banks will give you money if you can explain to them why you need it and that you’ll be able to pay it back. >
  
  Banks only give you money if you prove to them you can/will pay it back to them. >
  
  Lol all these professional bankers in the comments “ THATS NOT HOW IT WORKS “ >
  
  Not really. More like if you can prove to them that you'll make your monthly payments on time. If you don't need a loan, why not pay cash and avoid interest?