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Latest
Proportion Of Loan Balances To Loan Amounts Is Too High (2022 Explanation)
When your proportion of loan balances to loan amounts is too high, this is typically the result of maxing out your credit card or having too many variable lines of…
Debt To Income Ratio Too High (2022 Explanation)
If a borrower is denied credit because the level of debt is deemed to be too high for the borrower’s income, as defined by lender policy, either of the following…
What Happens If I Can’t Pay My Loan? (2022)
If the borrower is experiencing difficulty paying, it is best they contact the lender as early as possible. The borrower has an obligation to pay based on the original loan…
Non Negotiable Check (2022 Explanation)
A non negotiable check is a type of check that cannot be deposited into your account, nor can it be exchanged for any monetary value. It depicts the same information…
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