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ACH – This means automated clearing house, which is especially a technique accustomed to transfer cash to and from bank accounts.
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Co-signer – Somebody who willfully signals a loan settlement While using the borrower and partly assumes responsibility of repayment of a loan.
Foreclosure – It is a authorized approach where collateral that's been pledged for your loan is often marketed so as to repay the loan If your borrower defaults.
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