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Charge off – This can be a credit card personal debt or loan which is penned off as remaining uncollectible from a borrower. This sometimes is the case in the event the loan is sold or presented the financial debt to some selection agency. This credit card debt remains collectable.
Which of the following statements implement for you or an individual in your family? (Be sure to Look at all that utilize)
Co-signer – An individual who willfully indications a loan settlement Together with the borrower and partly assumes responsibility of repayment of a loan.
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