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Q: What is it called when a company gives a loan?
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Is there a financial company called Parker and Phillips finiancal?

This company is a scam. They ask for money as collateral for a loan but you never receive the loan. Do not deal with this company!


If a company gives a director a loan of 15000 how do I record a general journal entry?

If a company gives a director a loam of 15000 you will record it on the debit section of the general journal entry.


When a boyfriend gives money to girlfriend what is it called?

When a boyfriend gives money to a girlfriend it is called a gift. If he wants the money returned it is a loan.


If a company gives a director a loan of 15000 how do I record a journal entry what accounts is involved?

[Debit] Loan to director 15000 [Credit] Cash / bank 15000


Is there a loan company in Nigeria called Douglas Cruz Loan Firm?

No, there is no loan company in Nigeria registered under "Douglas Cruz Loan Firm." Someone is using the name in an illegitimate fashion in order to get personal information that may be used for identity theft.


Can you change your car loan to another loan company?

Yes, but you would have to get a loan for the payoff amount from the loan company you want to use


Is a loan company not a financial intermediary?

true a loan company is not a financial intermediary


Where can a disabled person get a car loan?

In the UK a Company called Motability handles this type of finance.


Can a co-signer call call the loan company to reposed your car?

yes they can call and take such action with the loan company that the loan company can then decide to take your car or call in the loan for full payment


Can loan company you have borrowed from check your credit repeatedly?

Yes, an existing and ongoing business relationship gives a creditor a legal reason under the Fair Credit Reporting Act to inquire into your credit. This is called a legally "permissable purpose".


How do you prevent a home mortgage loan company from securitizing your loan?

You can not prevent home mortgage loan company from securitizing you loan. The only way out is do not default your repayment.


What is the journal entry to write off a loan to a company?

debit Retained earningscredit loan to company