Whenever people are seeking the availing of loans from banking institutions
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In most cases of the loans
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For people, who are not able to pay back the amounts regularly for some drastic reasons, there are ways to get their debts waivered or settled
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Usually, the banks are also in favour of the loan agreements because they want things to be present in writing, which also helps them in receiving their loan amounts. Nowadays
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In some cases, people are warned about the county court judgments, before these are passed
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