Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for money. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
If several heirs, the debt they will pay together, in proportion to the inherited property. The debts of the testator, regardless of whether the loan is from a Bank or other debt obligation, called passive part of the inheritance. Base this can be a violation of one of the parties to the contract. So before you accept the inheritance, think about whether you need a new Maserati in the loan if yellow Kalina still regularly serves.. In other words, to pay the loan all heirs have accepted the inheritance, to avoid this will not succeed. However, in fairness it should be noted the fact that people are having and older age, are not always able to boast of prudence. It should be noted the fact that the number of Bank and non-Bank financial institutions ready to provide its clients with cash now number in the thousands and all such organizations, according to advertising slogans and avenues, only exclusive, profitable and reliable credit conditions. However, among creditman are present and those citizens who have seen the Soviet power, with its queues, coupons and deficiencies of essential household goods. For example, if representatives of the credit institution's opinion, the loan was obtained by fraud, and they can prove it in court, the borrower may be required to pay the full amount of the debt immediately. It should be noted that loans to purchase real estate are considered to be rational, however, some borrowers even when getting these loans manage to overreact. However, all the above factors are not so easy, so many mortgage borrowers also fall into the group of those who struck creditomania.