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Secured loan – It is a loan where the borrower will pledge his asset like a car or truck or house that may be bought if He's not able to pay out back again the loan.
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Debit card – It is a card issued by a financial institution or Several other money establishment and infrequently utilized for purchases. The purchase is deducted straight from a checking account.
Co-signer – An individual who willfully symptoms a loan agreement While using the borrower and partly assumes duty of repayment of the loan.
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