Debt is money owed or borrowed by an individual, company, or government entity. It represents an obligation to repay borrowed…
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Loan deferment is a temporary pause in payments on a loan that the lender grants. During a deferment period, the…
Loan forbearance is a temporary agreement between a borrower and lender to pause or reduce payments on a loan. It…
Retail loans, MSME loans, and agricultural loans are all types of loans designed to meet the specific needs of different…
A loan moratorium period is a temporary suspension of loan payments granted by a lender to a borrower. During a…
Penal interest is a type of additional interest lenders charge on outstanding loan balances when borrowers fail to make timely…
Credit Report Agencies (CRAs), or Credit Bureaus, are agencies that collect, compile and maintain credit information on individuals and companies.…
Credit scores are numerical representations of an individual’s creditworthiness, and they play a crucial role in determining whether someone is…
The FICO Score is a credit scoring system developed by Fair Isaac Corporation (FICO) and is widely used by lenders…
Fixed Obligation to Income Ratio (FOIR) is a financial ratio that measures the proportion of a borrower’s fixed financial obligations…