摘要 |
In one embodiment, the present invention comprises a method of managing more than one loan agreement pertaining to a single loaned sum repayable in one or more scheduled installment amounts comprising providing a first loan agreement and a second loan agreement and administering the two. The first loan agreement exists between a primary borrower and the loan originator and comprises a first set of terms by which the primary borrower makes first tier payments in repayment of the loaned sum. The second loan agreement exists between the primary borrower and a secondary borrower and comprises a second set of terms by which the secondary borrower makes second tier payments to the loan originator in repayment of the loaned sum obtained by the primary borrower and loaned by the primary borrower to the secondary borrower.
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