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Collateral—only applies to secured loans. Collateral refers to some thing pledged as security for repayment of a loan in case the borrower defaults
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"[Borrowers] will get credit rating for months in default … from March 2020 into the date they were not in default due to the Contemporary Begin initiative," Kantrowitz mentioned. "In addition they get credit score for qualifying payments built previous to going into default.&q
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