If a borrower defaults on a loan, whose responsibility is it to get the money back?

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asked Feb 19, 2023 157k views

21 votes

If a borrower defaults on a loan, whose responsibility is it to get the money back?

Social Studies
middle-school

Kaolin Fire asked

by Kaolin Fire

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the borrower is responsible to get it back, as THEY defaulted on the loan, not anybody else.

Tudor Ravoiu answered Feb 22, 2023

by Tudor Ravoiu

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