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Category: Loan Repayment Loans

Loan Repayment Loans and Non-repayable Debt: After Collateral

April 27, 2020December 13, 2020
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| Loan Repayment Loans

After the lenders take the collateral, what next? When borrowing money, it is important to understand what is at stake. What happens if you don’t pay the loan? With loan repayment assistance (or recourse debt), you are personally responsible for any unpaid debt, and the lender can take action to collect it – even after […]

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