During the first part of this article we tackled debt, its types and also discussed the things that a borrower undergo before completing a loan process. But what if you’re not able to pay your lender? Here is the second part of my article about debt and today we’ll talk about liens and how it affects businesses.
Debts played a vital role in our society. From mortgages to simple loans, if ever you need to buy food or even rent a car, all you have to do is go to your nearest bank and borrow money or even avail credit cards. Economic times are rough, and many businesses are having struggles on paying debts, even until now.