Refinance – To pay back an existing loan with whatever proceeds happen to be had from the new loan to be able to delight in a reduced interest rate.
Credit report – This is a report which is definitely the history of an individual’s financial debt repayment, fantastic debts, bankruptcies and late payments. It can even have his or her bankruptcies.
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Co-signer – Somebody who willfully indicators a loan arrangement with the borrower and partly assumes obligation of repayment of a loan.
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