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A loan is a type of debt. Basically, a loan entails the redistribution of financial assets over time between the lender and the borrower. The borrower will initially receive an amount of money from the lender, which they will pay back to the lender, usually in regular installments.
It is said that "prevention is better than cure". There is a list of five warning signals below. If you fit in any of them, then its time for you to get your act in place and be careful of such things in future as well.
