• Legal

    Regulatory Restrictions And Other Useful Aspects Of Debt Law

    Whether you are a high risk or a low risk borrower, it is not desirable that you pay high cost of the loan you want to take on and then fall into the debt trap. It is for this reason that the government has formulated the debt laws and continuously makes amendments in it to provide the best support and protection to the creditors but more specifically to the consumers. As for the creditors, they need to make sure that the risk, high or low, incurred while granting a loan is adequately covered and compensated should a customer default at any point of time. This they can do in three…