What Happens to Your Collateral If You Can’t Pay Back a Loan?
Introduction: The Fear Behind Defaulting on a Loan Imagine putting up your car, home, or even your savings as collateral for a loan. At the time, it seems like a…
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How Nigerian Finance Companies Handle Non-Performing Loans—And What Happens to Your Collateral (Could Be Risky or Protected)
Introduction What Are Non-Performing Loans (NPLs) — And Why Should You Care? If you’ve ever borrowed money, chances are you’ve heard the term non-performing loan. But what does it mean…
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