
In general, debt is the money borrowed by one party (borrower) from another party (lender). In debt, the amount of money you pay back is always more than what you borrowed.
Money is borrowed from a lender on a contractual basis wherein there are conditions that the borrower has to return the money with interest after a certain period of time.
In order to safeguard the money lent to the borrower, the lender may take a mortgage/collateral. FirstLease is a leading financial consultancy in the country, delivering the much-required Debt related assistance (debt restructuring) to mid-sized and big corporates. We can help you get out of debt fast!