Refinance – To pay back an present loan with what ever proceeds are already experienced through the new loan so as to get pleasure from a reduce fascination charge.
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Co-signer – A person who willfully signs a loan agreement with the borrower and partly assumes duty of repayment of the loan.
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Repossess – The voluntary or compelled surrender of things in the situation of the shopper’s click here failure to pay for again a loan.
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