Glossary of Terms

Glossary of Terms

We recognize that some monetary terms can be confusing. We hope the after explanations are helpful.

Loan A secured or loan that is unsecured necessary to cover an urgent bill or buy something which had not been prepared. It is made to have the mortgage repaid and approved quickly.

Bad Credit Loan an individual loan provided to clients with a credit rating’ that is‘bad.

Good Credit Loan an individual loan agreed to clients by having a ‘good credit rating’.

Bond Loan an individual loan that could be used to pay money for any/all associated with the after:

  • A bond that is rental
  • The very first a couple of weeks of lease
  • Any cost linked with relocating.

Secured Loan a personal loan for that the debtor provides a secured item (for instance their vehicle) that functions as protection for the loan. The lending company has the right to sell this asset in the event that debtor will not back pay the loan.

Unsecured Loan your own loan for that the lender depends on the borrower’s signed contract as their dedication to repay it. The debtor will not provide any asset as protection. Leer más