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what is the difference between mortgage and charge?

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rotucho Joined: 23 Feb 2010 Posts: 1 1.27 Dollars($)	Posted: Tue Feb 23, 2010 4:23 am    Post subject: what is the difference between mortgage and charge? Like 0 Dislike 0 What is the difference between mortgage and charge?
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Wed Feb 24, 2010 2:49 am    Post subject: Like 0 Dislike 0 A mortgage is a secured loan taken against a collateral especially your property. However, I did not understand what you exactly wanted to mean by "charge". Are you speaking about charge off? When your lender is unable to collect the dues from you, he sells off your account to a collection agency. This is known as charge off. The collection agency collects the dues from you. It has a negative effect on your credit report. _________________ Good is the Enemy of Great.
kofo Guest	Posted: Sun Jan 30, 2011 3:15 am    Post subject: Like 0 Dislike 0 charge as security for laon
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Mon Jan 31, 2011 2:32 am    Post subject: Like 0 Dislike 0 Your query is not clear to me. Can you explain it in details, please?

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