The main purpose of a loan contract is to define what the parties involved are agreeing to, what responsibilities each party has and for how long the agreement will last. (debt.org)
Often, the chances of getting fast loan approval are higher because of the specified purpose of the loan, and the fact that the borrower is clearly serious about escaping financial hot water. (badcreditloanservices.com)
The whole purpose of this loan type is to offer you a fresh start. (creditpilgrim.com)