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Bad Credit Loan Glossary



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V.


Valuation.

A report carried out by a surveyor that sets out the overall value of the property as well as its value for insurance purposes. It also details the condition of the property.



Variable Rate.

A variable rate is a rate that is not fixed and can fluctuate depending on decisions made by individual financial institutions.



Vehicule.

A mode of transport, loans for vehicules are very common.



Voters Roll.

A register that shows what names are registered against a particular address during each year. This can be used as proof of residence.



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