Hi,
We're going to investigate various types of debt in detail:
1) Personal loans both unsecured and secured
2) Credit card debt: business, personal and Internet
3) Leases
4) Mortgages
5) Conditional sales contracts
6) Finance company debt
7) Credit lines
8) Charge accounts
This is not an exhaustive list of types of debt, but one which covers the instruments by which most people incur debt. We will discuss the risks and rewards of each of these loan structures in following blogs.
Tomorrow the topic is unsecured personal loans.
Until then,
Alan
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