Description and Coding Systemâ (âHarmonized Systemâ or simply the âHSâ).2 It went. into effect internationally on January 1, 1988, with the entry into force of the. International Convention on the Harmonized Commodity Description and Coding. System (âHarmonized System Conventionâ) to which the Harmonized System is.
A secured debt or secured claim is one where the lender has some sort of collateral. A car loan or home mortgage would be the most common examples, but other debts may be secured as well, especially in business settings.
Mostly, car title loan companies target low-paying individuals who cannot afford the terms. Initially, the companies only show the monthly interest that would make the borrower say yes. The Good and Bad of Car Title Loans: Pros And Cons. Why most people tend to go for a title loan is basically because of its advantages that include the following: 1  The most common reason would be is that it provides easy cash. 2  The financial company does not check credit history of the borrower. 3  The mortgagor will not lose the use of the vehicle.