To understand the meanings of :
Identify the differences of the above investment options
To identify why the following investment options are popular
This is debt that has been accumulated by a private business or individual.
Private debts can appear in various forms;
These forms of debts come with several risks and pitfalls for applicants.
Debts can lead to broken relationships, high interest rates by credit provider, demands for security or even
charges for missed payments.
Private Debts continuation….
Some credit providers ask for assets as security and act as guarantee in return for a secured loan.
Borrowers end up risking irreversible things like their homes and may lose them if they do not pay up on
In private debts, the creditor also risks not getting paid or the need for costly and lengthy legal proceedings
in order to accept administering a loan.
If a company ends up bankrupt, a creditor loses most of their investment.
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