Liabilities

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Liabilities

Your liabilities are any amounts that you owe to others, including your short-term and long-term debts. Liabilities include financial obligations such as car payments, credit card debts, student loans, judgments, collection accounts, alimony and child support. A lender will look at your liabilities to help them determine whether or not to approve you for a loan.


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Category: Loans Dictionary | Views: | Liabilities |


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