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Loans
Money lent to individuals or businesses in return for interest in addition to repayment of principal. Common types of loans include commercial loans, interbank loans, mortgage loans, and consumer loans.
Total questions 4200
Will settling a credit card debt hurt your credit?
The first step that most U.S. banks require to begin the settlement negotiation process is that the customer must be delinquent...
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What is a cash advance loan?
The use of a credit card to take money from an ATM.. APEX
Popularity: 225 • Tools: Recategorize
How can you tell legitimate loans from scams?
Here are some of the FTC's (www.fraud.org) recommendations regarding loan scams: Don't believe promises you'll get a loan...
Popularity: 221 • Tools: Recategorize
Are loan-by-phone companies legitimate?
Yes, but not all of them. Make sure to see if they're registered with the state, and are with the BBB
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What is home equity loan refinancing?
Home equity loan refinancing means paying off an existing mortgage with the proceeds from a new loan, using the same property as...
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How do you find out if your Perkins loan has been paid off?
First, you can check online whether your income tax refund was applied to the loan by going to...
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What is an escrow account?
An escrow account is the money held by the mortgage company to pay your yearly property taxes and insurance premiums. Your...
Popularity: 202 • Tools: Recategorize
How do you collect on a private loan that has been defaulted on?
You can't legally collect on another individual. You can however take them to court: You will need proof that the person took a...
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Must bad loan obligations always be paid in a bulk payment?
The loan must be repaid however the debtor and the LENDER agree. Negotiate with the lender. Good faith offers in bulk (CASH) are...
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Is there any way to know if someone has gotten a loan using your ID?
Yes, check your credit report. All legitimate loan companies will report to the 3 major credit bureaus when they give out loans...
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If you have a new leased car is there any way to get a loan to pay off your lease and possibly lower payments?
A leased car could not be used as collateral. If the loan amount were larger than that which the lending institution considered a...
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Is it better to obtain a loan from a credit union or a bank?
Credit Unions are usually the more favorable in regards to loan repayment terms and interest charges. However, the loan amount is...
Popularity: 170 • Tools: Recategorize
Can you get a title loan if you have bad credit and your car was repossessed but you own a business?
As long as you have a clear title in your name, you can get a Title Loan.
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How can your loans be forgiven if they are in default and you are disabled?
https://www.acs-education.com/bac/FFEL/DefermentQualifications.html#Disability There is a Temporary Disability Deferment...
Popularity: 165 • Tools: Recategorize
If you have thousands of dollars in student loans and credit cards and hospital bills should you try to get a loan?
Sure, why not have one payment with a less interest rate? Maybe refiance your house at the same time.
Popularity: 151 • Tools: Recategorize
If you loaned someone some money and it was not repaid as agreed can you file a judgement against them?
In order to procure a judgment against someone for debt, due process has to be followed. Filing a lawsuit in the appropriate...
Popularity: 149 • Tools: Recategorize
If a spouse dies and has a loan out with the bank is the surviving partner responsible for the debt?
Only if the couple reside in a community property state and that is where the financial transaction took place.
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What income is reportable to lower the debit to credit ratio when trying to purchase major items likes autos and homes?
If you have several jobs, most likely the ones that will be considered are the ones you can prove that you have held for a year...
Popularity: 141 • Tools: Recategorize
If you have bad credit and filed bankruptcy about seven years ago is there a lender who would let you borrow about 25K to build a church and some personal expenses if you can put 10 percent down?
Bad credit lenders would be willing to help you. However, it is up to every lender to decide whether you meet their lending...
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Why is more interest paid at the beginning of a loan period than at the end of the loan period?
Charging interest is the method by which a lender profits from loaning money to a borrower. The lender will set the terms of any...
Popularity: 138 • Tools: Recategorize
What are the chances that a creditor will sue you just before the statute of limitations runs out?
The decision to sue a consumer to recover debt within SOL is often made with collectability and profitability in mind. The...
Popularity: 137 • Tools: Recategorize
Which is preferable a loan with a lower present value or a loan with a lower periodic installment and why?
The answer is it depends. Assuming that the way that you get the present value of the loan is by applying a discount rate to the...
Popularity: 137 • Tools: Recategorize
How can you repay debts from a new business faster?
Depending on what this question is really asking, one obvious possible answer: Make more money through your business! And...
Popularity: 133 • Tools: Recategorize
What website could you go to for a student loan with bad credit and no cosigner?
Here is advice: You can't. You must at least have a job. They can get around credit and debt. I would refinance student...
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Does being the co-owner of a car give you credit?
Not necessarily. It is possible to co-own a car, be on title, and not have borrowed money for the vehicle. Credit history is...
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Is it possible to a place lien on someone's home with their consent as collateral for a personal loan?
Yes. It is a relative simple and inexpensive legal process that can be done without an attorney.
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If you make 30k a year have no debt and your FICO score is in the low 800's would it be possible to get a 10k-15k personal line of credit?
You won't have any trouble at all getting a loan but most banks will probably want to issue credit by way of a credit card unless...
Popularity: 121 • Tools: Recategorize
Is there a standard percentage that collections agencies generally accept?
If you mean negotiating a settlement for a debt, it is possible. The best strategy is to "aim low" Offering a third of what is...
Popularity: 120 • Tools: Recategorize
Is it mandatory for every single bank or lending agency to request proof of employment or income?
No, it is not mandatory, but it is a good idea. You can get around having assets verified, but it usually comes with a cost, (...
Popularity: 119 • Tools: Recategorize
What would be preferable to retire a loan towards the end of its term or much before it?
It would be more preferable to retire a loan before the end its term. The sooner the loan is paid, the less interest you will...
Popularity: 119 • Tools: Recategorize
Which body does the credit rating?
No
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Is it best to retire a loan toward the end of its term or much before it?
If you mean "pay off" it is better to do it before the lein is up. You pay less interest.
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Are there any national lenders which focus on making loans to individuals in bankruptcy?
YES It is possible to procure a loan under these circumstances. These type of transactions are often referred to as "predatory...
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If a loan has a prepayment penalty attatched to it would it still be viable to retire it?
It would depend on whether the savings gained by "retiring" the loan outweighed the disadvantages posed by the pre-payment...
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What happens when financing for an auotmobile falls through and you have already driven the vehicle for a week?
In most states, when you sign an automobile purchase contract there is a line on the contract that requires signing that is...
Popularity: 114 • Tools: Recategorize
Can you put a judgement on an ex-boyfriend who owes you 25 thousand dollars?
You will need to follow due process of law. Which begins with filing a lawsuit in the court of jurisdiction. If you win you...
Popularity: 113 • Tools: Recategorize
What happens if you take a loan for 10000 in the UK and then leave for the USA?
A logical guess would be, the person can be held criminally and civily liable for the debt under British law. Entering into a...
Popularity: 112 • Tools: Recategorize
Why is more interest paid at the beginning of a loan than at the end?
The answer to this question depends on the type of loan. If you are referring to a mortgage, you are paying down your...
Popularity: 111 • Tools: Recategorize
Is it better to retire all loans before their term?
It all depends on the terms of the loan. Is there a prepayment penalty? What interest rate is the loan for versus the rate that...
Popularity: 111 • Tools: Recategorize
Can a judgment stop you from getting approved for a home loan?
Yes, having a judgment would definitely prevent you from getting approved. "Mortgage" documents are, in reality, a lien upon...
Popularity: 110 • Tools: Recategorize
Can a pregnant woman get a loan while she is looking for a job?
Unless you are fortunate enough to have a nice house, a fairly new car, then your chances of getting a loan are very slim. The...
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Is it viable to retire a loan with a repayment penalty?
Only the borrower can answer that question.
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Can a debtor be discharged from a credit union loan which he took out to pay his taxes?
"Discharge" applies to a debt being wiped out by the bankruptcy court. If all the requirements are met and approved by a...
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What steps are taken when you deny a charge?
If there has been activity on your credit card that you did not authorize, you will need to contact the creditcard issuer to...
Popularity: 106 • Tools: Recategorize
Can a bank take your money for charge off?
Yes. If the loan is at a bank where the party holds accounts. This is referred to as a "set off'. Most bank loans will have a set...
Popularity: 105 • Tools: Recategorize
If a loan has a pre-payment penalty attached to it would it still be viable to retire it?
No...and they make sure of that. Prepayments are there to make sure the Lender gets every penny they would have received if you...
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You have perfect credit how can you use that to your advantage for home loans?
First off they love people like you! You could also haggle for a better rate of interest. Do your homework before you go in for...
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How do you pay back a loan that is charged off?
you can still go to the company and pay it off . in return they contact the credit bureau to update the info. keep all paperwork ...
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If your social security number on your credit report is one number off and you get credit under the wrong number can the creditor close your account?
Yes. When you sign the application, you affirm that all info is true. Obviously, it isn't, because it isn't your correct SS#.
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Why is more interest paid at the beginning of a loan period that at the end?
Because your balance is high at the beging of the loan so then the balance goes down as you pay money so it comes to be less
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Will paying off loans early give you a lower credit score?
As long as you have had the loan open for 12 months and have been making timely payments it will not lower your credit score. It...
Popularity: 101 • Tools: Recategorize
Is it possible for a person with a credit score below 450 to get a personal loan with no collateral?
It is very improbable that you will get an unsecured loan with a credit score in the 400's. Unless you show that you are trying...
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What is a loan charge off?
Charge off is a shortened version of "charged off to profit and loss". This accounting term describes a bookeeping entry...
Popularity: 100 • Tools: Recategorize
If you have a car loan in your name from a credit union will it affect your ability to get a loan for a second car from a dealership?
ALL loans affect your Credit Rating. Some good and some bad. All existing accounts are also used to calculate your...
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What if you have no job no credit and no home to refinance but you get government aid each month is it possible to get a personal loan?
If you have no job, no credit and no home, why would you want to burden yourself with debt that cannot possibly repay? Think...
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If a loan has a prepayment penalty attached to it would it still be viable to retire it?
You need to compare the cost of the repayment penalty and the benefits of having the loan (such as deductible interest) vs. the...
Popularity: 94 • Tools: Recategorize
How do you obtain a credit reference?
Try somewhere like Equifax.com they will provide an online copy of your full credit history and "credit score" instantly for...
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Why is more interest at the beginning of a loan?
For the first year or so of each loan, the creditor is paid first. As the loan becomes older less interest is charged and more of...
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If you have a judgement in New York that does not show on any of your credit reports and want to get a morgage in Florida is there any way they can find out about the judgement?
Sure. There are methods of invesitgating individuals which may show all public records, no matter where they are filed. The...
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If your parents had you put vet bills under your name before you were 18 and you got bad credit is there any way to take it off?
Well, you need to contact an attorney. If the bills were put under your name without your consent, it is fraud and it is a...
Popularity: 90 • Tools: Recategorize
When is a capital lease a better alternative than an operating lease?
It depends on your business needs. A capital lease allows you to carry an item on your books as if you own it, so any of the...
Popularity: 89 • Tools: Recategorize
If a loan has a prepayment penalty attached to it could it still be viable to retire it and why?
Perhaps. The difference in the prepayment penalty and the amount of interest paid until the loan is satisfied is a major...
Popularity: 86 • Tools: Recategorize
Your spouse dies without a will and the collection firm wants to settle for less than is owed how will this affect the surviving spouses' credit?
Consult a lawyer before paying them a penny. Depending on the nature of the debt, it may not be yours to worry about.
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FBCM or LSC was sued by hud and ftc illegal loan procedures destroyed your credit rating to enable us to save your home from false forced forclosure many times from enforced home ins how can you fix it?
The best option is to consult a qualified attorney. Any disputes concerning goverment agencies should be handled by those who...
Popularity: 84 • Tools: Recategorize
Is a new loan possible if you have perfect credit and have financed and paid off all assets but due to contractor negligence the home has been condemned and you've been advised to file bankruptcy?
Anything is possible.
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Where or how can you find a private lender willing to lend to individuals?
Hi, i had problem getting a loan from my bank.until i was introduced to REV.JOHN,a man of God whom God used to bless and change...
Popularity: 79 • Tools: Recategorize
You do not have Judgement against you your court date is in a couple of months you tried to ask the plaintiff for a settlement but he was unwilling Can you ask for a mediator before your court date?
Mediation is generally voluntary. Some states have rules that require you to mediate a case before going to trial, but...
Popularity: 77 • Tools: Recategorize
Would it still be viable to retire a loan if there a pre-payment penalty?
The decision to pay off a loan which has a pre-payment penalty can be tricky to decipher. The biggest questions to be answered...
Popularity: 76 • Tools: Recategorize
What is the best way to finance an engagement ring?
you can check it at...http://www.diamondsonweb.com/..
Popularity: 74 • Tools: Recategorize
How does bankruptcy affect rates on loans?
It may make it difficult to get low or reasonable interest rates and there will likely be added stipulations as to extra fees and...
Popularity: 74 • Tools: Recategorize
While in Chapter 13 do all new loans need to go through the court?
In a Chapter 13, you need approval from the court before incurring any new debt that is more than $250.
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Can you get a personal loan with poor credit?
I used to work in financing and I actually took out a personal loan myself at one point in my life. A fast personal loan can be...
Popularity: 69 • Tools: Recategorize
Can you sue your boyfriend for loaned money?
Sure you can. It would be hard to prove if you gave him actual cash, but if you wrote him a check you would just need to get a...
Popularity: 67 • Tools: Recategorize
If there was a joint loan and one of the signers of the loan went bankrupt would the bank freeze the other signers banking account?
Yes, but temporarily. It's because of the laws in your State. I would see a lawyer soon about this or you could lose...
Popularity: 65 • Tools: Recategorize
Do you need a license to broker commercial loans?
In really depends on the different states. In most cases, the answer should be no, that you do not need such a license. To be...
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Where can you get a sample of a hardship letter to lenders?
A lot of people ask for examples of hardship letters or "samples" of hardship letters. The problem with using examples is that...
Popularity: 59 • Tools: Recategorize
What is the penalty of not repaying a loan?
It depends on the terms of your loan agreement, and the type of loan you're dealing with. Generally, there aren't any criminal...
Popularity: 58 • Tools: Recategorize
Assuming a loan payment from a friend what do you need to tell the lein holder bank do you need to qualify for their loan?
Yes. You need to go in with your friend and assume the loan so that it appears with your name on it rather than your friend. If...
Popularity: 58 • Tools: Recategorize
If a loan is cosigned and the original borrower defaults does the lender legally have to notify the cosigner?
The co-signer was notified when the original loan documents were signed. Co-signing a loan makes both parties 100% liable for...
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What is the advantage of an interest-only loan on your house?
The advantage of an interest only loan is that for a predetermined period of time you only have to pay the interest portion of...
Popularity: 53 • Tools: Recategorize
What is a purchase money loan?
A home-financing technique in which buyer borrows from the seller instead of, or in addition to, a bank. Sometimes done when a...
Popularity: 52 • Tools: Recategorize
What is prepay term?
Most often a "prepay term" is the time in which borrowed money can be paid off either without prepayment penalty or accrued...
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What type of loan other than a vehicle loan can you get when a mortgage company will not issue a loan for a modular home?
Certain mortgage companies can issue a loan for a modular home. I'm a loan officer and have given these loans before. It sounds...
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Is the cosigner of a loans spouse responsible for a college loan if he dies?
The only persons' responsible for a loan are signers of the contract who accepted legal liability. If a signor dies, their...
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How do you pay off a loan to a deceased lender?
The debt is paid to the estate through probate court procedures.
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Maximum cash withdrawal bank account US?
If you have a personal checking account at a bank in the USA your Financial Institution (FI) may have policies governing the...
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What is the advantage of an interest only loan?
The advantage is that the payment will be lower for a given piriod of time, however the payment will increase quite a bit after...
Popularity: 47 • Tools: Recategorize
If you buy your first home can you ask for an extra amount at the bank closing for paying credit card bills?
Not at the closing. You need to discuss this at the time of loan application, or be prepared to do parts of the application...
Popularity: 46 • Tools: Recategorize
Can the State of New York file a judgment for an alledged student loan debt that is 37 years old?
Proof would have to be presented that the debt was valid before a judgment could be entered against the debtor. Since a...
Popularity: 45 • Tools: Recategorize
Can you refinance if you are currently in a forbearance agreement?
Yes, if your credit score is pretty decent (550 or so). In fact, it's probably better to refinance than to enter into a...
Popularity: 45 • Tools: Recategorize
Are spouses responsible for employee loans after their death?
In most cases a waiver has to be signed that states the spouse will not be responsible. This is especially true for credit cards....
Popularity: 45 • Tools: Recategorize
How can you get a loan if your car was repossessed due to late payments and debt and the finance company says you can't recover it unless paid in full?
Just go get another car. Do not worry about that, lots of places do there own loans and you do not have to go through a bank.
Popularity: 45 • Tools: Recategorize
What will happen to you if you abscond a bank loan and fly back to your home country?
It depends on whether it's considered "fraud". The bank can go after you wherever you are if it's determined to be fraud.
Popularity: 45 • Tools: Recategorize
How do you get a credit score?
You "get" a credit score by having information supplied onto your credit file which causes a credit score to be generated. In...
Popularity: 44 • Tools: Recategorize
Does it benefit you if you have an interest only loan to pay extra toward your principle?
Yes. The interest only loan is simply that. You are only paying the interest on your loan. None of your payment is going...
Popularity: 44 • Tools: Recategorize
If an account is unpaid and seven years have passed could you still get a loan?
it all depends who is the lender and what type of loan your getting.
Popularity: 43 • Tools: Recategorize
What is escrow?
Escrow is money put aside for a particular item. For example in a home mortgage you might have an escrow account which might...
Popularity: 43 • Tools: Recategorize
Would someone be able to get a loan if they have no job but will use the money to relocate to a job?
The answer is yes and no depending on the type of loan you need and the amount. What kind of loan are you looking for?
Popularity: 42 • Tools: Recategorize
Is it possible to get a loan to purchase a motorcycle with a credit score of 475?
Hi, i had problem getting a loan from my bank.until i was introduced to REV.JOHN,a man of God whom God used to bless and change...
Popularity: 42 • Tools: Recategorize
How can you earn money to pay off your car?
Maybe getting a job is a good start! any kind of work will put you ahead. Do any of you people realize what kind of QUESTIONS...
Popularity: 42 • Tools: Recategorize
