Lending, a traditional practice that goes back centuries, has evolved over time to accommodate modern needs and adapt to evolving landscapes.
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Every type of loan comes with certain risks if it is not repaid on time.
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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.
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