Adverse loans are loans in which the borrower has fallen behind on payment. As soon as loan payments are behind schedule, those loans are considered adverse loans.
The Myth Of The Christmas Loan
If you think Harry Potter was going to be the most imaginative marketing plot this Christmas, think again. Each Christmas, as consumers look at their finances and investigate the different sources of funding to cover their Christmas shopping, loan companies and credit card providers polish up their marketing tactics and customer service skills.