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What Is The Part Of Speech For Loan?
A loan is a noun ex: The loan from the bank was helpful. To loan is a verb: I had to loan my phone charger to a friend.
What does mean lend your money and lose your friend?
You should not lend money to your friends; if you do, either you will have to bother your friend to repay the loan, which will make your friend resent you, or your friend will not repay the loan, which will make you resent your friend.
What's a fair amount to charge a friend for a small loan?
A small loan to a friend must be charged relatively to a lower interest rate of about 7% of the money borrowed.
If you loan your car which has liability insurance to a friend and he has an accident can other drivers sue you?
This depends on the state. In California if you loan a friend your vehicle and he kills someone with it, then you are also charged with manslaughter!
What action should the friend take when a person buys a car on loan using the address of a friend with out his knowledge in India and the friend gets a notice for non repayment of loan?
Banks check the address of mailing before assigning the loan, so this should not happen. Reply to the bank, informing them about the real scenario.
Can a friend loan you money for a down payment on a house?
Yep.
What the difference between a best friend and a good friend?
You would willingly schedule time with a good friend. You would willingly cancel time with a good friend if your best friend was in need. You would loan a good friend a small sum of money. You would loan money to your best friend and not care whether you get repaid. You give of yourself to a best friend in the same way you would do for yourself - no reservation.
You got a personal loan in your name and the money was to help a friend out the loan company wanted collateral friend put her car title up but defaulted I paid the loan in full and have her title?
Laws governing property differ from state to state. In general, however, you don't automatically own her car by paying off the loan. You would probably need to have made an agreement with the friend, verbally or better, in writing, at the time of the loan or at the point you began making the payments. If you didn't do that, you are probably out of luck. You can sue the friend for the amount of the payments you made or you can sue your friend for the car; I hope you have documentation of those payments, you will need something to show the payments you made.
Assuming a loan payment from a friend what do you need to tell the lien 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 you just take over payments without making it legal, then she can take the car when you are done paying it off and there would be no legal recourse.
What the loan cosigner's responsibility when the loan is for a friend?
A cosigner's responsibility is to pay the loan in full if the primary borrower fails to pay. The connection to the primary borrower is irrelevant, whether it is a family member or a friend. You should never co-sign unless you can afford to pay your friend's loan. You should also note that when you are required to pay the loan as a cosigner (after the primary borrower defaults) your own credit may be ruined and you will be paying for property that you do not own. The default rate for people who need co-signers is high.
What do you do if a friend defaults on a car loan and forges the title?
you might wanna sue them my friend. It is illegal to forge, so its a thought
Can you get a home loan if you are on government aid?
Possibly. In the 70's I had a friend that got a home loan in Detroit Mi while on Welfare and ADC.
