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Straightforward interest – The desire is computed on The idea of excellent as long as some parts continue to be nonetheless unpaid.
Cost off – This is the credit card financial debt or loan which happens to be created off as currently being uncollectible from the borrower. This from time to time is the situation when the loan is marketed or supplied the personal debt to some selection company. This personal debt continues to be collectable.
Compound interest – Curiosity and that is computed on the loan’s balance, the balance will consist of all curiosity that's unpaid.
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