Principal - Amount you are borrowing, Interest - Percentage you are being charged for the right to borrow, Term - Amount of time which you have to pay back your loan , Secure Loan - Requires collateral which the lender can take if you don't make payments, Unsecure Loan - Does not require collateral and will have a higher interest rate, Co-signer - Someone who agrees to pay the loan if the loan goes unpaid, Collateral - House, vehicle, or other large items,

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