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Understanding Lenders: Types, Decisions, and Loan Qualifications
Discover the roles of lenders, types, and factors influencing their loan decisions. Explore how credit history and collateral affect individual and business loans.| Investopedia
Discover the roles of lenders, types, and factors influencing their loan decisions. Explore how credit history and collateral affect individual and business loans.| Investopedia
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A distressed borrower is one who is unable to fully repay his or her debt on time.| Investopedia
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Debt is a financial obligation owed by one party to another party. Repayment usually includes an interest charge.| Investopedia
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A creditor extends credit to another party to borrow money usually by a loan agreement or contract.| Investopedia
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A credit bureau is an agency that collects and researches individual credit information and sells it to creditors for a fee.| Investopedia
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A credit score is a number that rates a consumer’s creditworthiness. The higher the score, the better a borrower looks to potential lenders.| Investopedia
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An amount on a loan, cumulative preferred stock or any credit instrument that is overdue, also referred to simply as "arrears".| Investopedia
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Both debt relief and bankruptcy can provide remedies for resolving debt. However, they each have benefits and drawbacks to consider.| Investopedia
