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07-24-2015, 10:20 AM #1
A COJ offers an automatic judgment without any court proceedings. How it's used to collect is up to the lender's methods for collections. Some know how to use it, some don't. Some lenders get paid, some don't. To answer your question simply: at the end of the day, this is unsecured lending.
Last edited by ADiamond; 07-24-2015 at 10:25 AM.
Anthony Diamond
Underwriter
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