Secured loan – This can be a loan wherever the borrower will pledge his asset similar to a motor vehicle or residence that will be sold if he is not able to fork out again the loan.
It truly is an internet lending platform that connects borrowers with opportunity lenders to provide small-expression loan options, like payday loans and installment loans.
Repossess – The voluntary or compelled surrender of things in the case of the purchaser’s failure to pay for again a loan.
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