0
What else can I help you with?
What is the loan and advances?
loan is a type of debt . To make a payment before it is due to the payee
When I make a payment on my loan is that considered a Debit transaction?
Yes, when you make a payment on your loan, it is considered a debit transaction. This is because the payment reduces your account balance, and the funds are taken out of your account to pay off the loan. Essentially, it represents an outflow of money from your account.
Does a cosigner with good credit have to be currently employed?
The bank will not allow them to co-sign if they have no way to pay the loan. You must remember the reason a lender requires a co-signer is to make another party responsible for paying the loan in full if you don't.
Do banks encourage you to make the maximum payment?
No. They want you to make the minimum payment, that way they can charge you more interest on your loan.
can i go into my locate wamu bank and make a mortgage payment?
If you have a loan with Wamu, you can go to any wamu bank and make your payment.
Is an installment loan a good idea?
An installment loan is a good idea,where you don't have to make guesses what payment one has to make every month.
Who is responsible for the car loan if they are on the top of the loan?
typically the first name on the loan is the person responsible for the payment of that account. if the first named person cant make the payments, the loan company will turn to the co-signer ( 2nd name ). if neither party makes payments the loan will go into default in which both parties will have reports on there credit history.
Could a family buy a apartment complex make a rent payment toward the the loan payment and have tenant's who pay rent that goes toward upkeep?
Buying an apartment complex is one thing; charging rent is another. No one can force a landlord to allocate any rent received to go toward the loan payment for the complex owner.
Is it true that in the state of South Carolina if you offer a title loan company all the money you have but is less than loan payment and they refuse payment does that make the lean void?
yes
I can't afford my truck loan?
Make an appointment with your bank and explain the situation. Do not ignore the problem. The bank does not want your vehicle. Quite often they will accept a lower payment, it makes the loan more expensive but much cheaper than taking out another loan.
What is a joint loan?
A joint loan is when both individuals are fully responsible for a loan and it will report on both individual's credit bureau. So if both individual don't make a payment or does not pay enough of the monthly payment it will report on both credit bureau files as a late payment.
If you make a loan payment before it is due will it be counted as the upcoming payment?
No, it get put toward your principle balance. The payment is still due the next month.
