A small business, company, or a person might be considered a debtor. This short article talks about just consumer that is individual.
What’s a debtor?
A debtor is a person who owes cash. You may be a debtor as you bought g ds or services and havenвЂ™t paid for them yet because you borrowed money to pay for g ds or services or. You can even be a debtor because a court stated you owe cash to some body. That is called a judgment against you. There are 2 main forms of debts guaranteed and unsecured.
Exactly what are secured and debts that are unsecured?
A business or person that lends money is known as a lender. An individual or company that is waiting become compensated because he offered you credit is known as a creditor. Continue reading “Let me make it clear more info on that is a debtor?”