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Interest charge – A charge that a lender will charge borrowers so as to borrow revenue from them. It's expressed in percentage % for every annum.
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Charge off – This is the credit card credit card debt or mortgage that is penned off as becoming uncollectible from the borrower. This at times is the case in the event the bank loan has been marketed or given the credit card debt to some selection agency. This credit card debt stays collectable.
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