A car loan, for example, can be used to purchase a new or used vehicle or to replace one that was lost or damaged. Mortgages are also popular options, as they allow the borrower to use the property as collateral for the loan.
Read MoreA car loan, for example, can be used to purchase a new or used vehicle or to replace one that was lost or damaged. Mortgages are also popular options, as they allow the borrower to use the property as collateral for the loan.
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