Keyword Analysis & Research: lender

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Frequently Asked Questions

What is the difference between a broker and a lender?

The difference between a broker and a lender is that the lender provides money to the debtor, whereas a broker is an agent who offers the loan products provided by various investors. ... A broker acts like a commercial agent who is hired by the lender, or works as a freelancer.

How long does lender have to reply?

It clearly is written in law, that when a borrower sends in a "Qualified Written Request" to dispute any discreprancy on your account, the lender has 21 days by law to respond to the request. They also have 60 days where they cannot report to credit bureaus any negative items.

What is the definition of a lender?

A lender is an individual, a public or private group, or a financial institution that makes funds available to another with the expectation that the funds will be repaid. Repayment will include the payment of any interest or fees.

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