From 5f5c41bb0f831a2392b145cfb0b3e88c374f61c5 Mon Sep 17 00:00:00 2001 From: ryderthorby13 Date: Fri, 15 Nov 2024 15:46:49 +0000 Subject: [PATCH] Add Understanding Delinquent Loans --- Understanding-Delinquent-Loans.md | 47 +++++++++++++++++++++++++++++++ 1 file changed, 47 insertions(+) create mode 100644 Understanding-Delinquent-Loans.md diff --git a/Understanding-Delinquent-Loans.md b/Understanding-Delinquent-Loans.md new file mode 100644 index 0000000..7c4206b --- /dev/null +++ b/Understanding-Delinquent-Loans.md @@ -0,0 +1,47 @@ +What is a Personal Loan? +A personal loan is a kind of unsecured debt that individuals can take out from a monetary institution. Unlike mortgages or auto loans, private loans typically do not require collateral, making them extra accessible to debtors. This sort of mortgage is versatile and can be used for numerous purposes, including medical expenses, travel, schooling, or consolidating existing debt. 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