Mortgage loan – This is certainly used to purchase a piece of real estate. In this article the residence is in fact the security for this financial loan.
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Demand off – This can be a bank card credit card debt or personal loan which happens to be created off as staying uncollectible from the borrower. This from time to time is the situation in the event the personal loan has actually been bought or given the debt to some collection agency. This financial debt continues to be collectable.
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