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Charge off – This is a bank card financial debt or loan that's penned off as being uncollectible from a borrower. This occasionally is the situation if the loan has become offered or provided the debt to some collection company. This debt remains collectable.
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Secured loan – This is a loan the place the borrower will pledge his asset like a motor vehicle or dwelling that can be bought if he is not able to shell out again the loan.
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