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Lease – This is a authorized agreement which permits a buyer to use some asset similar to a motor vehicle for payment. The asset really should be returned when the lease expression ends.
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Funds advance – This refers to a source of hard cash which can be taken in the situation of emergencies. This is for people who are used but may well not have entry to other sources of credit.
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Charge off – That is a credit card financial debt or loan which happens to be composed off as being uncollectible from a borrower. This occasionally is the situation when the loan has become bought or offered the financial debt to some assortment agency. This credit card debt continues to be collectable.