What is subprime loan ?

Bharath Kumar , Last updated: 16 October 2008  
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Q:What is a sub-prime loan? A: In the US, borrowers are rated either as 'prime' - indicating that they have a good credit rating based on their track record - or as 'sub-prime', meaning their track record in repaying loans has been below par. Loans given to sub-prime borrowers, something banks w

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Bharath Kumar
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