What exactly is a debtor?
A debtor is a person who owes cash. You may be a debtor as you bought goods or services and haven’t paid for them yet because you borrowed money to pay for goods or services or. You may also be a debtor because a court stated you owe cash to some body. That is known as a judgment against you. There are 2 main forms of debts: guaranteed and unsecured.
What exactly are guaranteed and debts that are unsecured?
A business or person that lends money is known as a loan provider. An individual or company this is certainly waiting become compensated you credit is called a creditor because he offered.
A secured financial obligation is secured by home. The house that secures a financial obligation is known as security. Continuer la lecture de « Let me make it clear about Rights of Debtors in Texas »