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Foreclosure – It is a lawful procedure where collateral that has been pledged for the loan can be offered so that you can repay the loan In the event the borrower defaults.
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Debit card – This is the card issued by a lender or Various other money establishment and infrequently useful for buys. The acquisition is deducted directly from a checking account.
Co-signer – Someone who willfully indicators a loan settlement Along with the borrower and partly assumes duty of repayment of the loan.
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