Question: explain why it is important to understand the clauses in your installment loan agreement related to loan amount, interest rate, repayment terms, prepayment penalties, consditions

explain why it is important to understand the clauses in your installment loan agreement related to loan amount, interest rate, repayment terms, prepayment penalties, consditions in case of default, fees, insurance requirements and the rights of the lender in case of non

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payment

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