What exactly is a debtor?
A debtor is a person who owes cash. You may be a debtor as you bought goods or services and haven’t paid for them yet because you borrowed money to pay for goods or services or. You may be a debtor because a court stated you owe cash to somebody. This really is known as a judgment against you. There are 2 main types of debts: unsecured and secured.
What exactly are guaranteed and unsecured outstanding debts?
A business or person that lends money is known as a loan provider. More