by crispin0 | Jun 13, 2025 | Terminologies
Cash flow refers to the movement of money into and out of a borrower’s account. Lenders consider cash flow when approving loans, as it indicates the borrower’s ability to make timely payments.
by crispin0 | Jun 12, 2025 | Terminologies
Cash limit refers to the maximum amount a borrower can withdraw or borrow through a loan app. This limit can be determined by the borrower’s credit score, income, or repayment history.
by crispin0 | Jun 11, 2025 | Terminologies
A cash reserve is money set aside for future expenses or emergencies. Some lending apps offer loans that can be repaid using a borrower’s cash reserve or savings account.
by crispin0 | Jun 10, 2025 | Terminologies
Collateral refers to an asset pledged by the borrower to secure a loan. If the borrower defaults on the loan, the lender can seize the collateral to recover their losses. Common types of collateral include property, cars, and financial assets.
by crispin0 | Jun 9, 2025 | Terminologies
A cosigner is someone who agrees to take responsibility for a loan if the borrower defaults. A cosigner with good credit can help a borrower secure a loan with better terms or approval if the borrower has limited credit history.
